A property inspection serves the primary purpose of uncovering issues affecting the property's condition. This crucial step in a real estate transaction allows a qualified inspector to assess various aspects of the property, such as structural integrity, plumbing, electrical systems, and the overall state of maintenance. The findings from this evaluation provide both the buyer and seller with valuable insights into potential problems that may influence the decision to proceed with the purchase, renegotiate terms, or address repairs before finalizing the sale.
While determining the tax value is important for other aspects of real estate, it is not the focus of a property inspection. Marketing the property involves different strategies that are not related to the physical assessment of its condition. Negotiating the purchase price may be influenced by the results of the inspection, but it is not the direct purpose of the inspection itself. The core value lies in the identification of any defects or necessary repairs that could affect the overall value and livability of the property.