Which statement correctly lists the two versions of a HomeBuyer Report?

Which statement correctly lists the two versions of a HomeBuyer Report?

• A. Homebuyer Report (Survey and Valuation) and Homebuyer Report (Survey)
• B. Homebuyer Report (Survey) and Homebuyer Report (Valuation)
• C. Homebuyer Report (Survey) and Homebuyer Report (Full)
• D. Homebuyer Report (Valuation) and Homebuyer Report (Full)

Answer: (A)

The two versions of a HomeBuyer Report are the Survey and Valuation and the Survey. The valuation version includes a formal market value assessment for the property, which lenders use when determining the mortgage amount. The Survey version focuses on the property’s condition, any defects, and likely repair costs, but does not include a formal valuation. So the statement listing both official formats—HomeBuyer Report (Survey and Valuation) and HomeBuyer Report (Survey)—is correct. Other names like Valuation-only or Full aren’t official HomeBuyer Report formats.

The two versions of a HomeBuyer Report are the Survey and Valuation and the Survey. The valuation version includes a formal market value assessment for the property, which lenders use when determining the mortgage amount. The Survey version focuses on the property’s condition, any defects, and likely repair costs, but does not include a formal valuation. So the statement listing both official formats—HomeBuyer Report (Survey and Valuation) and HomeBuyer Report (Survey)—is correct. Other names like Valuation-only or Full aren’t official HomeBuyer Report formats.