What Is a Home Inspection in Real Estate?
A home inspection in real estate is a professional evaluation of a property’s condition, typically performed after an offer is accepted but before closing. It helps buyers identify potential issues, negotiate repairs, or even withdraw if serious defects are found.
🔍 Purpose of a Home Inspection
- Assess the structure, roof, foundation, plumbing, and electrical systems.
- Identify safety hazards or code violations.
- Provide a written report that helps buyers make informed decisions.
- Often required by lenders before final loan approval.
🤝 Buyer and Seller Responsibilities
- Buyer: Hires a licensed inspector and pays the inspection fee.
- Seller: Must provide access to the home and may agree to repairs or credits if issues arise.
- Report: Used during the inspection contingency period to renegotiate or proceed with confidence.
⚠️ Common Findings in Home Inspections
- Roof damage or leaks
- Plumbing or electrical problems
- Foundation cracks
- HVAC or appliance issues
- Termite or moisture damage
Addressing these before listing can prevent deal delays and strengthen your FSBO presentation.
💡 FSBO Tip: Pre-Listing Inspections
FSBO sellers can benefit from ordering a pre-listing inspection to fix issues upfront and build buyer trust. A clean inspection report can make your property stand out in the MLS and reduce renegotiations later.
Learn more about who pays for repairs and inspections.