RE/MAX Realtor Beth Sargent Educates Buyers on Appraisers vs. House Inspectors

“Their purpose and powers are often confused,” said Sargent. “Appraisers represent the lender, whereas inspectors represent the buyer.”

Furthermore, the appraiser ensures that the lender is protected. “The loan must be safe and the home has to be sound, sanitary, and comply with local codes,” added Sargent. “Appraisers can order inspections such as roof, electric, health issues, etc. Any defects found are not negotiable -- they must be taken care of before closing.”

Inspectors, on the other hand, are required to check all parts of the property. They are concerned with the present condition and when and if future repairs will be needed for the various components.

“Inspectors describe what repairs are needed and approximately what they will cost,” noted Sargent. “Purchasers can ask the seller to rectify the problems that the inspectors find, which is negotiable between the buyer and seller.”

In order to obtain a loan, what the appraisers requires is final. The defects that the inspector finds are up for negotiation. “Appraisers do take into consideration what the inspectors find, and can add some repairs to their requirements based on what the inspector finds,” concluded Sargent.

About Beth Sargent, RE/MAX 100 
Beth Sargent works with both buyers and sellers and those relocating. Beth is a Relocation Professional, Remax Hall of Fame Member, and Graduate, Realtor Institute and Purdue University. For more information, please call (574) 272-0806, or visit http://www.100mishawaka26.sites.remaxagents.com. RE/MAX 100 is located at 3010 Hickory Road, Misawaka, IN 46545.

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