Information
Home Inspection Glossary
Why a Home Inspection Matters
During a real estate transaction, a home inspection contingency gives buyers the chance to thoroughly check the property and make sure they’re comfortable with its condition before closing.
1. Provides an “Out”
A detailed home inspection can uncover important information about the home and its systems. If something doesn’t feel right, it gives you the option to back out of the offer.
2. A Strong Negotiating Tool
Your inspection report can help you ask the seller for repairs or a price adjustment based on what’s found.
3. Helps Identify “Deal-Breakers”
Inspections show you what work or costs might be needed to get the home to a condition that’s acceptable to you.
What is a Home Inspection?
A home inspection is an objective visual examination of a house’s physical structure and systems, from the roof to the foundation.
What a home inspection is not:
It is not a warranty or guarantee, an invasive or destructive process, or a review of code or design.
Why do you need one?
Buying a home may be the largest investment you ever make. A home inspection helps you uncover major repairs, builder oversights, or maintenance needs before you buy, so you can make informed decisions with confidence.
If you already own a home, an inspection can identify problems early and suggest preventive measures to avoid costly future repairs. If you’re selling, an inspection can help you make improvements to put your home in the best selling condition.