What Is a Home Inspection?
A home inspection is a visual examination of a property's condition by a professional inspector, typically covering the roof, structure, foundation, plumbing, electrical system, heating and cooling, and major appliances. The inspector provides a written report listing defects and items that may need repair or monitoring.
Inspection Contingency
Many purchase contracts include an inspection contingency that allows the buyer to negotiate repairs or withdraw within a set period based on the findings.
Limits
A standard inspection does not open walls or test everything; specialized inspections, such as for pests or radon, are separate.
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🔗 Related Terms
More Home Buying Terms
- Adjustable-Rate Mortgage (ARM)
- Appraisal Gap
- Assessed Value
- Bridge Loan
- Cash-Out Refinance
- Closing Disclosure
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Last updated: September 27, 2026. This definition is for general educational purposes only. It is not financial, investment, tax, legal, or medical advice, and it does not recommend any product or course of action. For decisions about your own situation, consult a qualified professional.