Once you have toured the house with the inspector and the inspector has sent you the inspection report, be sure to use it. You should always read everything before doing anything with the inspection report to make sure you haven't missed anything. This means that your offer no longer applies if an inspection is not satisfactory. However, most buyers will conduct an inspection after an offer is accepted.
It's about quickly analyzing the property before investing more time and money in the buying process. After the inspection, a homebuyer will review the inspection report to determine if they want to buy the home. If the damage is significant, the buyer can choose to cancel the sale entirely or initiate negotiations with the seller.