Mortgage Home Inspection Guide for Property Assessment (2026)
Navigate home inspection for mortgage: inspection checklist, major issues, negotiation, and inspection contingency for property purchase.
Summary
Home inspection reveals property condition. This guide explains checklist, major issues, negotiation, and inspection contingency.
Key Steps
- 1Schedule inspection: typically within 10 days of contract, buyer pays $300-$500.
- 2Review major systems: foundation, roof, electrical, plumbing, HVAC, appliances.
- 3Document issues: inspector report identifies defects, safety concerns, needed repairs.
- 4Negotiate repairs: request seller repairs, credit, or price reduction for issues.
- 5Understand contingency: inspection contingency allows contract termination for major defects.