Matt just left a few minutes ago. There is indeed a crack in one of the joists in the basement--Matt said it will be easy to fix. We heard something about SIX cracks and $10-15K, but we only found the one and Matt's estimate is NOTHING like the above number.
BTW, for Singdaw and others, I deliberately did not have all the repirs on my list done prior to the inspection, as someone mentioned to me that home inspectors feel obliged to find something for their report. I was simply trying to make his job easier, yes? Interesting, the inspector didn't find ANY of them.
I have always been a believer in home inspections, but I must say that this one hasn't done a service to either the buyers or the seller.