An assessment of the physical structure and mechanical systems of a house, such as the roof, ceilings, walls, floors, windows and doors. A home inspector will attempt to reveal any issues with the home.
- Example : Thomas’ offer to purchase Mel’s home was accepted. Before entering into a real estate contract, Thomas ordered a home inspection. The inspector found that the roof had multiple leaks and needed to be completely replaced. Thomas decided not to go forward with the purchase and walked away from the deal before signing any contracts or giving a down payment.