asbestos A fire-resistant
mineral used for insulation and home products that has been found to pose a
health hazard.
dry rot A fungal decay that causes wood to become brittle and
crumble.
disclosure A statement to a potential buyer listing information relevant to a
piece of property, such as the presence of radon or lead
paint.
home inspection An examination of a home's construction, condition, and internal
systems by an inspector or contractor prior to purchase.
pest-control inspection A
common pest-control inspection is a termite inspection, which is required in
some states, such as California.
radon A ground-generated
radioactive gas that seeps into some homes through sump pumps, cracks in the
foundation and other inlets. A serious health hazard.
walk-through A buyer's final
inspection of the home to determine if conditions in the purchase agreement have
been satisfied.
