An appraisal is not a home inspection

A lender’s appraisal helps establish a property’s value. It does not replace an independent inspection of the home’s condition, and an FHA loan does not mean the government guarantees the house is defect-free.

Arrange your inspection early enough to understand the findings before contractual deadlines. Ask the inspector about qualifications, the scope of work, exclusions and a sample report. Licensing requirements differ by location; check the relevant local authority rather than assuming a license is always required or sufficient.

If possible, attend and ask which findings are urgent, which need a specialist and which are routine maintenance. Ask whether roof, electrical, plumbing and structural concerns need further review. Radon, pests and other specialized checks may require separate arrangements; EPA recommends understanding radon levels in a home you plan to buy.

Keep the inspection report and obtain realistic repair estimates before making a decision. Do not assume a seller must fix every issue, or that an inspection automatically lets you cancel. Your purchase contract, contingencies, deadlines and state law matter. Ask your agent or a qualified local attorney to explain those provisions before waiving protections or signing changes.