Home Inspection

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Term Definition
Home Inspection

A thorough inspection by a professional that evaluates the structural and mechanical condition of a property. A satisfactory home inspection is often included as a contingency by the purchaser. Sales contracts typically allow for an inspection period for the buyer and an opportunity for the buyer to request applicable (to the language defined in the contract) repairs, as well as allowing the seller time to respond to the repair request. Home inspections often include radon testing, lead-base-paint testing or mold testing.

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