A home inspection evaluates accessible systems and conditions within the inspector’s scope. An appraisal estimates value for its stated purpose and may identify certain property concerns. An appraisal does not replace your own inspection.
Use your inspection period carefully
Hire qualified professionals and read the report rather than relying on a quick verbal summary. The contract determines your deadlines and options for requesting repairs or taking other steps.
- Ask what is excluded from the general inspection.
- Consider specialist evaluations where the property warrants them.
- Follow up on roof, drainage, foundation, or safety concerns.
- Keep negotiation and cancellation deadlines on your calendar.
Understand a value shortfall
If the appraisal is below the contract price, available responses depend on the loan and contract. Ask about a price adjustment, a documented reconsideration process, additional eligible funds, or other contract options before taking action.
Your questions, answered.
Can a new construction home benefit from an inspection?
Yes. New does not eliminate the value of an independent condition review. Coordinate access and inspection timing with the builder and your contract.
Does the seller have to repair every inspection item?
Not automatically. Repairs and remedies depend on the contract and any negotiated agreement.
- Consumer Financial Protection Bureau: buying a house
- U.S. Department of Veterans Affairs: buying with a VA-backed loan
General information, reviewed September 2026. Confirm property-specific, legal, lending, and tax questions with the appropriate professional.