A home inspection is an examination of a home’s condition and the last opportunity the buyer has to discover problems with the house before buying. Before the sale of a home is finalized, a buyer hires a home inspector to assess the current condition of the house, such as cracks in the foundation, mold, missing shingles, holes, and electrical issues. The inspector’s job is to look for major functional defects in the house that a potential buyer would want to know about. Depending on what the inspector discovers, the buyer can renegotiate the price of the home, request repairs, or back out of the sale of the home.
Read more: The Ultimate Seller Home Inspection Checklist