Glossary

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Home Inspection
Prior to the purchase of a home, a thorough review of the entire house is completed. This covers all areas of the house such as the roof, mechanical and heating systems, construction and more. The inspection is generally done by a licensed professional, and a detailed report is compiled for the seller and the potential buyer. A printed document as well as online files are usually provided. Once the inspection is completed, the homeowner may use this as a tool to help finalize their decision. If there are concerns with the home, the buyer might use the inspection as a means to get improvement done or have the price adjusted. This review of the home is critical and needs to be attended by the home buyer. Otherwise, the buyer might find unexpected surprises with the new home.