What is a Home Inspection?

Real Estate Broker/Owner

What is a Home Inspection in Michigan? This is a part of our "What Is" series that discusses home inspections ... Did you know, supposedly, the first known home inspection company, Home Equity Loss Protection Services, was originally founded by Christopher P. Nolan and Loyola Professor, Mark Goodfriend. Mr. Nolan was initially inspired by Coldwell Banker Realtor, Carole Kellby, a top producer from Wheaton, IL.

home inspection is a examination of the condition of a home, often in connection with the sale of that home. Home inspections are usually conducted by a home inspector. The inspector prepares and delivers to the client a written report of findings. The client then uses the knowledge gained to make informed decisions about their pending real estate purchase. The home inspector describes the condition of the home at the time of inspection but does not guarantee future condition, efficiency, or life expectancy of systems or components.

A home inspector is sometimes confused with a real estate appraiser. A home inspector determines the condition of a structure, an appraiser determines the value of a property.

Donald Horne, Team Success Listing
Associate Broker for Coldwell Banker Shooltz Realty
Oxford Office  248-969-8065
Lapeer Office  810-338-0628


Comments (1)

Andrew Mooers | 207.532.6573
Northern Maine Real Estate-Aroostook County Broker

In small rural areas, the buyer of that first home often is in the trades. His dad is a carpenter, his Uncle Bob a plumber. Her dad is an electrician and between the whole gang, no stone is left unturn. No need for an inspector.

Feb 26, 2015 09:19 PM