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Process

Home Inspection

A thorough examination of a property's condition conducted by a licensed inspector, typically arranged and paid for by the buyer. The inspector checks the home's structure, roof, electrical, plumbing, HVAC, and more, then provides a written report. A home inspection is not required by lenders but is strongly recommended, as it can reveal costly problems. The inspection contingency in your purchase agreement lets you negotiate repairs or walk away if major issues are found.

Why It Matters

Home Inspection is one of the steps you will encounter on the path from house hunting to holding the keys. Knowing what to expect at each stage reduces stress and helps you make better decisions under time pressure.

Stay organized and communicate proactively with your real estate agent, lender, and other professionals involved in home inspection. Delays and misunderstandings at any step can push back your closing date or cost you money.

Related Terms

ContingencyDue DiligenceAppraisal

Tools That Use This Concept

MMortgage Payment CalculatorMAffordability CalculatorMClosing Costs Guide
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