Home inspections provide a level of objectivity in evaluating a home. It is recommended that any home, even a new home, be inspected. Home inspectors play the role of the objective third party. Typically, home inspectors evaluate a property five to ten days before contract negotiations are complete to secure mortgage approval. A typical Miami home inspection will cost about $300 to $500 and take a few hours; prices fluctuate by area. Inspection allows buyers and sellers to resolve problems before closing.