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5 Differences Between Inspections and Appraisals for Home Buyers and Sellers in Athens

Once an offer has been accepted on a for-sale property, a whole set of details have to be covered to fulfill obligations for buyers, sellers, and lenders. To get a better idea of what to expect from the accepted offer to final closing, here are 5 differences between inspections and appraisals for home buyers and sellers in Athens.

Differing Purposes

Both inspections and appraisals of a pending property serve important, but differing, purposes. 

The appraisal is done to determine the value of the property for the sake of helping a mortgage lender figure out the potential liability of their issuing a loan to the buyer. If an appraisal comes in at a lower value than the agreed sale price, the lender may outright deny the loan or request the buyer renegotiate for a price less than the appraised value of the property. This ensures the property value is in line with nearby comparable homes. 

On the other hand, an inspection is done to thoroughly examine the overall condition of the pending home. All structural, electrical, and mechanical aspects of the home are gone through with the potential buyer to help teach them about anything they may have overlooked previously.

Who Is Involved

The work of an appraiser is mostly done independently in their office, where they do a lot of research to land on the final estimated property value. 

Some factors that affect this include the sale price of other comparable homes in the area and unique features that could have an impact on the value of the home. They will likely visit the property to do a quick review of the condition of the home in order to ensure nothing is out of the ordinary at first glance. 

When it comes time for a home inspection, the inspector will meet with the buyer and their agent to perform the whole house inspection, and then create a report that is given to everyone. The inspector will walk the buyer through the house and discuss any possible safety hazards or issues that could arise just to keep the buyer up to speed.


Some people are under the impression that both the inspection and appraisal are required by law, but this is not necessarily the case. 

Any mortgage lender will certainly request an appraisal be done in order to ensure their investment in the property is not over local market value and to make sure the buyer isn’t paying an astronomical amount for a lackluster home. Unless required by a lender or contract, inspections are entirely optional. 

Even though they are optional, they are highly recommended to help a buyer obtain a clear understanding of the in’s and out’s of the property they are looking to purchase.


It should come as no surprise to anyone looking to buy or sell a home that both the appraisal and inspection come with a separate cost. 

According to the United States Department of Housing and Urban Development, a home inspection will run between $300 and $500. You can expect the appraisal to cost between $300 and $450. 

Keep in mind that these numbers are national averages that will be adjusted by locale, size of the home, and amount of detail involved in both processes.

Additional Effects

Finally, there are some possible side effects to both the appraisal and inspection. 

An appraisal could lead to an adjustment in property taxes on the home if the estimated value of the property is substantially changed from its last appraisal. 

An inspection could lead to the discovery of necessary repairs and in turn, provide an opportunity for the buyer to request certain contingencies be met prior to the closing of the sale.

Guidance Through Inspections and Appraisals in Athens

If you’re looking for a partner to help you understand the difference between inspections and appraisals when buying or selling a home, contact us today at 706-928-9959!

Georgui Kassaev

Georgui Kassaev was invited to this country in 1996 during the Atlanta Olympic games. The first place he came to call his home after leaving Russia and performing all over Mexico, was Athens. He became a professional mixed martial arts fighter, then coach, and eventually obtained two black belts in taekwondo and Brazilian jiu-jitsu. He formed a specialty carpentry and construction business which sparked his passion for real estate. He then rediscovered his first passion performing. After all, he has performed in the circus since he was eleven years old in front of thousands of people and then again when he was an adult as a professional fighter. In 2018 he landed his first 3 television roles. While acting, he continued developing his real estate skills, becoming a value-add investor in the Classic City and then getting his real estate license. He has now become a listing specialist in the Greater Athens Area, working with homeowners to protect their interests and get them the right price for their property! However, he never abandoned his construction roots and works with investor clients to help them buy properties based on their numbers with no aversion to making multiple offers. Georgui is fluent in three languages Russian, Spanish, and English. He is proficient in video production and social media marketing.

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