Or
What is the difference between an appraisal and an assessment?
An assessment determines property value for tax collection purposes. Assessments are performed by a city’s assessor’s office. Appraisals are conducted by licensed appraisers. They determine the value of a property and are an important part of buying or selling a home, obtaining a mortgage or refinancing, insuring property, and planning an estate.
Many homebuyers are also attracted to homes that have had a pre-inspection, as it increases their confidence in the condition of the home.

[Back]