No. It's different. The appraiser works for the lender and is judging the market value of the property. The home inspector is hired and paid for by you, the buyer, to assess and report the condition and deficiencies of the home directly to you. 

While the appraiser is not a home inspector, it's possible that they may note in their report some safety and health related deficiencies that need to be resolved as a condition of their stated valuation. These would be called lender required repairs.

Examples include, but are not limited to, proper smoke and carbon monoxide detectors, water heater earthquake straps, peeling paint, roof leaks, and unfinished areas. As the lender is loaning a substantial amount of money, they need to make sure the property is safe and without significant issues.

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