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- [Jeremy] Hey, this is Jeremy from Shine Insurance, and Im here today with Bill Pfrommer from Pfrommer Appraisals Inc, and were talking appraisals. Bill, thank you so much for joining us. - [Bill] Glad to be here, Jeremy. - [Jeremy] So what is an appraisal? - [Bill] Easily answered, an appraisal is the professional appraisers opinion of value, but what I should first say what an appraisal is not, is, and this is a common question, an appraisal is not a home inspection. - [Jeremy] Uh huh. - [Bill] So we commonly get confused with home inspectors, if youve ever had a home inspection, they, theyre very meticulous, time-consuming, they look at all the components of your home, and essentially, they tell you whats bad with your home, and whats not working. - [Jeremy] So an inspection is really, really someone who digs into the details of the home, all the different parts of the house, whats working, whats not working, and the reason for that is to help a potential home buyer under