847.926.HOME (4663) | Fax: 847.926.4463 | PO Box 812 - Highland Park, IL 60035
Frequently Asked Questions
Here are some answers to commonly asked questions about home inspections and what you should expect when you get a home inspection. Please feel free to contact us if you have further questions.THE BANK IS APPRAISING THE HOUSE; DO I REALLY NEED AN INSPECTION?
Yes! A house appraisal is an independent evaluation of the current market value of a house or property. In general, the purpose of an appraisal is to set the current value of a house so that a lender may determine how much it can loan to the buyer. The appraiser looks at similar properties in the area and the prices at which they were sold to set the value of the house.
A home inspector conducts a thorough evaluation of the house's major systems and structural integrity. Whereas the appraiser is typically working for the bank, the house inspector is working for you. The home inspector identifies items that need replacement or repair prior to closing, which can save you thousands of dollars.
