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What’s the Difference Between a Home Appraisal and a Home Inspection? » Mortgage Masters Group

A home inspection is a visual examination of the home looking for functional and safety issues. It should be conducted by an experienced and trained inspector according to an industry accepted standard of practice. For more of an explanation read The Purpose of a Home Inspection. Hopefully the distinction between an inspection and an appraisal.

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As a home inspector, you can work for yourself (as your own small business) or work for a home inspection company. As an independent, you’ll need to find your own work and clients, but it can pay off handsomely-we found the average home inspector makes over $70,000 a year .

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Depending if you are the home buyer or home seller, there are reasons both for and against assuming a VA loan.

Are you wondering about the difference between an appraisal versus home inspection? While one is designed to reveal how much money a home is worth, the purpose of the other is to discover any potential flaws and defects within the house prior to a sale.

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Knowing the differences between an appraisal and an inspection is. If the appraiser's value is less than what the buyer paid for the home, the seller. while appraisals might be mandatory if a buyer works with a mortgage.

We’re on a bankruptcy FHA mortgage kick Mortgage after Bankruptcy: You May Qualify Sooner than You Think – A waiting period is the amount of time after a bankruptcy has been discharged, or dismissed you have to wait to be eligible for a mortgage. If you have filed for a chapter 7 bankruptcy then the following waiting periods apply. fha loan: 2 years after bankruptcy discharge date. VA loan: 2 Years after bankruptcy discharge date.