The clientele for home evaluation services includes real estate firms, companies and banks, financial institutions offering home loans. While often real estate firms or realtors include home evaluation services as part of the many services they provide, having developed their expertise over a period of time, at times they may outsource home evaluation services, especially if they are selling or purchasing a home in a new area.
Other major clients of home evaluation services are firms which offer home loans to home buyers. Usually the home will be collateral for the loan and the home loan value will be typically 80% of the value of the home. As the home owner may inflate the value of his or her home, most of the lenders will prefer to use an independent third party home evaluation service provider to assess the value of the home accurately. In case the home owner does not repay the home loan, the lender may seize the home and auction it off to recover the amount lent to the borrower.