What a home inspection is—and why it matters

A home inspection is an objective assessment of a property's physical condition. Unlike a home appraisal, which determines market value, an inspection evaluates whether the home is sound and identifies problems with major systems like plumbing, electrical, HVAC, and roofing.

The inspection is especially important because it happens early in the process—after you've determined how much house you can afford and found the right house, but before you're locked into the purchase. Most purchase contracts include an inspection contingency, giving you the right to negotiate repairs, request a price reduction, or walk away if serious issues are found.

Even if a house looks perfect, an inspector can uncover hidden problems like water damage, faulty wiring, or a failing roof. Catching these before closing gives you leverage to negotiate or decide if the home is worth the investment. Your lender may also require certain repairs before approving your mortgage, especially for FHA or VA loans.

In the months and years following the pandemic, many buyers bought homes sight-unseen and waived inspections. This trend should not be repeated. 

“The inspection process has returned to a healthier, more balanced place,” says Lisa Patterson, a real estate agent with Sotheby's International Realty. “Today’s buyers are more informed and more strategic. Inspections are once again a standard, essential step, and buyers expect transparency and smart negotiation rather than risky shortcuts.”