Home Inspection

American Society of Home Inspectors (ASHI)
The American Society of Home Inspectors (ASHI) is a professional organization of home inspectors in the U.S. and Canada, committed to raising the standards of the home inspection practice and building public awareness about the industry.
Black Mold (Stachybotrys Chartarum)
Black mold, scientifically known as Stachybotrys Chartarum, is a hazardous, toxic fungus that can grow indoors on wet and damp surfaces. Its presence can pose serious health risks to inhabitants and requires proper remediation to ensure a safe living environment.
Certified Home Inspector
A Certified Home Inspector is a professional who is credentialed and qualified to perform home inspections in accordance with state-specific requirements. These inspectors evaluate residential properties for safety, structural integrity, and compliance with relevant codes and standards.
Home Inspector
A home inspector is a professional who evaluates the structural, mechanical, and various other conditions of a home prior to its sale, ensuring both the buyer and seller are aware of the home's condition.
HUD-Code Home
HUD-Code Home is another term for a manufactured home, implying compliance with standards set forth by the U.S. Department of Housing and Urban Development (HUD), ensuring quality and safety of construction through rigorous inspections.
Open House
An open house is a method of showing a home for sale where the property is available for inspection by interested parties. During this event, potential buyers have the chance to explore the home without the need for a prior appointment.
Property Condition Addendum or Clause
A Property Condition Addendum or Clause is a section within a real estate contract detailing the state of the property being sold and setting the terms under which repairs and maintenance should be completed.
Radon
Radon is a naturally occurring, radioactive gas that can accumulate in buildings, posing potential health risks. Particularly in well-insulated homes, radon levels can rise to harmful concentrations.
Structural Inspection
A structural inspection is an evaluation of the integrity of a structure or a building's foundation conducted by a licensed professional structural engineer. This process aims to identify any potential or existing structural issues that might jeopardize the safety and stability of the building.
Wood-Destroying Insect
A term used in certain home inspection forms, indicating that as a condition for purchase, the property must be free of these insects.

Real Estate Lexicon

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