There are several types of home inspections the buyer may consider, but the two most common are a general home inspection, and a Wood Destroying Organisms (WDO) inspection. These inspections are typically ordered by and paid for by the buyer.
A general home inspection is an objective, visual examination of the physical structure of the home from the roof down to the foundation.
A Wood Destroying Organisms inspection is an examination of the home for visible evidence of an infestation or damage by termites, beetles, or fungi.
Title insurance and homeowners insurance are both extremely important, and often required by lenders. Title insurance may protect you from certain losses in the event an issue arises with the title after closing. Typically, title insurance will be required for both the lender and the buyer. Homeowners insurance policies typically cover damages caused by fires, lightening, windstorms, and hail. It is important to understand what is covered in the quote, and look for additional insurance for damage caused by certain natural disasters, as well as flooding. In addition, home insurance providers may ask for a 4-Point and/or a Wind Mitigation inspection, which may help you save on rates. These inspections can usually be ordered from the same company preforming your general home inspection. A 4-Point inspection gives a snapshot of the roof, electrical system, plumbing system, and HVAC. While the Wind Mitigation inspection checks the home's wind-resistant features. It is prudent to find out which, if any, of these inspections will be requested, and adding them at a marginal cost before the general home inspection - rather than paying for an additional visit to the home.
In addition, the buyer will likely order a survey to confirm the land boundaries, identify conditions, and look for easements or encroachments.