You will always get different answers to this question based on people's past experiences. A Realtor may answer this different than a buyer or seller.
The answer simply is, Whatever the contract says that the seller signed.
The problem is that some sellers do not even read the contract, or believe they have no ability to change what the preprinted contract is. They fail to realize that THEY are in control, not the person who wants them to sign the contract.
Thus, there is no one correct answer. Two parties, the buyer and the seller come to an agreement to transfer ownership of a home. If either party is not agreeable to the outcome, the transaction does not have to take place.
Simply know what you are signing.
Home Inspections are not a "Pass / Fail" inspection. A home inspection is an evaluation of the home's structural, mechanical and safety conditions on the day of the inspection. All major components are inspected. A good Home Inspector should be able to explain the condition of the home and it's components to the buyer, and answer any questions they may have.
Their report should have plenty of pictures (and video if needed) and be easy to read and understand.
A good Home Inspector has an ethical obligation to only his client, the buyer....not a Realtor or seller, etc. He or she should be factual, not alarmist, and give an unbiased current analysis of the home and it's components.
Armed with that information, the buyer can make an informed decision.
Hope that helps!
Frank D'Angelo, ACI
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Florida licensed Home Inspector #HI688. (352) 250-7818
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