Real Estate Term
Home Inspection
A thorough examination of a property's condition by a qualified inspector before purchase.
What is Home Inspection?
A home inspection is a thorough examination of a property's condition by a qualified inspector, covering the roof, structure, electrical, plumbing, heating, and more. It helps buyers understand what they are purchasing, uncover hidden defects, and negotiate repairs or a price reduction before committing. Inspections are commonly done as a condition of the offer, and waiving one to win a bidding war adds real risk.
Frequently asked questions
Related terms
Conditional OfferAn offer to purchase that includes specific conditions that must be met before the sale is finalized.Home WarrantyA service contract that covers the repair or replacement of major home systems and appliances.ClosingThe final step in a real estate transaction where ownership transfers from seller to buyer.
Ready to put this into practice?
Start your property search or connect with a local Sutton agent who can guide you through every step.