Appraisers Do Valuations, Not Home Inspections

[hausdok]

HeraldNet, the online version of the Everett, Washington Daily Herald newspaper, has an interesting article about a VA appraiser who was sued by a buyer when a roof went bad on a home he'd appraised. In this case, the court held that the appraiser had a 'duty of care' to the client but did not hold the appraiser liable, because the buyer had already known about the bad roof.

To read the article, click here.

[Brandon Whitmore]

This could be good news for us. More appraisers may place a contingency requirement that the home must be inspected as part of the home purchasing process. I would think this would help limit their liability.