I see too many people covering up defects and using sub-standard materials which gives us all a bad reputation. 

Much like a home inspection, they try to uncover defects, minimize potential risk & use the info to inform the buyer.  

then an underwriter examines all the searches and looks for defects if property is clean title insurance policy is produced which is called a commitment .

@Jennifer Talcott so having a construction background myself I look at a property, and then after I am comfortable, I get rid of all my weasel clauses, so I stated "buyer is aware this is an older home with defects, and has inspected the home, buyer waives any and all contingencies and acceopts as-is where-is contingent upon clean title.

Thus, at closing the defects have been cured by the seller. 

You can locate a good home inspector and pay the few hundred dollars for the property to be inspected; that will get you a list of defects that you should be addressing.

OTOH, if slab granite counters are the norm, anything less is going to look shoddy.These little items won't make up for major defects.

Being that age usually has 'defects' compared w/ newer homes.

I hired a house inspector and found tones of defects and encroachment of part of the property by a neighbor.

Yes, the property I mentioned is the one we're ready to dive into, assuming the following:- The interior is void of any major defects that we couldn't see from the outside.