There's a lot of excitement in the air when you're in the process of buying a property. Following the approval of your contract, deadlines and to-dos pile up at a dizzying pace. However, don't ignore the need for a home inspection throughout the home-buying process. To ensure that the house is free of serious problems, your lender will almost definitely need an inspection. As a buyer, you may also want a property inspection to protect yourself against an avalanche of costly repairs. The following is a rundown of what takes place during a home inspection.