### What is the primary purpose of a home inspection? - [ ] To increase the home's market value - [ ] To estimate the real estate taxes of the property - [x] To thoroughly review and assess the condition of the entire house - [ ] To finalize the mortgage application process > **Explanation:** The primary purpose of a home inspection is to thoroughly review and assess the condition of the entire house. This includes checking the roof, mechanical and heating systems, construction, and other areas to ensure the buyer is fully aware of any potential issues before finalizing the purchase. ### Who typically conducts a home inspection? - [ ] Real estate agents - [x] Licensed professionals - [ ] Mortgage lenders - [ ] The home seller themselves > **Explanation:** A home inspection is generally done by a licensed professional who is qualified to review all aspects of the home's condition and provide a detailed report to the seller and potential buyer. ### What might a buyer use the home inspection report for? - [ ] To increase the market value of the property - [ ] To secure a better mortgage rate - [x] To negotiate repairs or price adjustments - [ ] To finalize the sale of the house immediately > **Explanation:** Based on the findings in the home inspection report, the buyer might use the information to negotiate repairs or price adjustments with the seller, especially if there are significant issues that need to be addressed. ### Why is it important for the home buyer to attend the home inspection? - [ ] To ensure they are familiar with the home layout - [x] To avoid unexpected surprises with the new home - [ ] To meet and establish rapport with neighbors - [ ] To make immediate repairs > **Explanation:** It is crucial for the home buyer to attend the home inspection to ensure they understand the condition of the property and avoid potential unexpected surprises after purchase. Being present also allows the buyer to ask questions and get clarifications on any issues noted during the inspection process. ### What format is the home inspection report generally provided in? - [ ] Only as an oral summary - [x] Both in printed document and online files - [ ] Only as an online file - [ ] Only as a printed document > **Explanation:** The home inspection report is generally provided in both printed document format and online files to ensure that all parties have easy access to the detailed assessment for review and future reference. ### What areas of the house are included in a home inspection? - [ ] Only the exterior - [ ] Only the interior - [x] Roof, mechanical and heating systems, construction, and more - [ ] Only the property valuation > **Explanation:** A home inspection covers various areas of the house including the roof, mechanical and heating systems, construction, and more, to provide a comprehensive review of the home's condition. ### Can a home inspection impact the final price of the home? - [x] Yes, if significant issues are found - [ ] No, it does not impact the price at all - [ ] Yes, only if the buyer insists - [ ] No, it's used for records only > **Explanation:** Yes, if significant issues are found, the home inspection report can impact the final price of the home as the buyer might negotiate price adjustments or request repairs before finalizing the purchase. ### When is a home inspection typically conducted? - [ ] After the purchase of the home - [ ] After the mortgage approval - [ ] During the final stages of moving in - [x] Prior to the purchase of the home > **Explanation:** A home inspection is typically conducted prior to the purchase of the home to ensure the buyer is fully informed about the property's condition and can make an informed decision about the purchase. ### Who pays for the home inspection? - [ ] The home seller - [x] The home buyer - [ ] The mortgage lender - [ ] The real estate agent > **Explanation:** The home buyer usually pays for the home inspection as part of the due diligence process to ensure the property is in acceptable condition before completing the purchase. ### What role does the home inspection play for the home buyer? - [ ] It guarantees the home will increase in value - [x] It helps in making an informed purchasing decision - [ ] It ensures immediate approval of the mortgage loan - [ ] It replaces the need for home insurance > **Explanation:** For the home buyer, the home inspection plays a critical role in making an informed purchasing decision by providing detailed insights into the condition of the property and revealing any potential issues.