What type of inspection is required before closing a real estate transaction in Virginia?

In Virginia, a home inspection is an essential step prior to closing a real estate transaction. This inspection allows potential buyers to thoroughly assess the property's condition, uncover any existing issues, and determine whether the property meets their expectations and requirements.

The home inspection typically covers various aspects of the property, including its structural integrity, electrical and plumbing systems, roof condition, and the presence of pests or mold. Findings from the inspection can be critical in negotiating repairs or adjustments to the purchase price before finalizing the transaction.

While environmental inspections, financial checks, and legal reviews are also important aspects of real estate transactions, they do not have the same requirement for completion before closing as a home inspection does. Thus, the home inspection plays a pivotal role in ensuring that buyers make informed decisions and avoid unexpected expenses after the purchase.