# Home Inspection

*Real Estate — Finicade finance glossary*

A home inspection is a professional examination of a property's condition — structure, roof, systems, drainage — commissioned by the buyer. It's not a valuation and not a guarantee: inspectors report what's visible and accessible, so buried drains and wall cavities go unexamined. Its practical value is as a negotiating instrument, since documented defects reopen a price that was otherwise settled.

**Also known as:** property survey, building inspection, structural survey

**Related terms:** [Contingency](https://finicade.com/glossary/contingency), [Home Appraisal](https://finicade.com/glossary/home-appraisal), [Closing Costs](https://finicade.com/glossary/closing-costs), [Earnest Money](https://finicade.com/glossary/earnest-money), [Due Diligence](https://finicade.com/glossary/due-diligence)

Source: https://finicade.com/glossary/home-inspection