A home inspection is not an appraisal or a "Pass-Fail" test. It is instead a visual examination of the physical condition of the home. It should be performed by a licensed property inspector. A home inspection could be the single-most important process in buying a new home, as it ensures that the house is safe, secure, and problem-free. Knowing that the home you are about to move into is all of those can put your mind at ease, or if problems do arise in the inspection, gives you the power to negotiate a lower price or ask the seller to make repairs.