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What are the biggest red flags in an inspection report?

Short answer

Safety issues and costly systems: roof, foundation, electrical, plumbing, and heating and cooling problems.

Rules differ by state. This is general information, not legal or professional advice.

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Official sources

CFPB: home inspectionsconsumerfinance.gov
EPA: radonepa.gov
HUD: for your protection, get a home inspectionhud.gov