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Results 1 to 5 of 5
  1. #1
    oneofthecrowd is offline Fixer Upper
    Join Date
    Jan 2009
    Posts
    60

    Default Termite Inspections

    Can a termite ispection affect the sale of a home? What are some things that could spell trouble for a buyer? Thanks

  2. #2
    Greg is offline Moderator
    Join Date
    Sep 2007
    Location
    Outer Banks
    Posts
    1,281

    Default

    If the inspection finds termites the lender will at least require the house to be treated if the infestation is not too bad. If the infestation is size able the lender might require a structural report to see if the problem requires structural repairs.

    Typically the seller pays for all of this but it really depends on your contract.

  3. #3
    gjtrafl is offline Condominium
    Join Date
    Mar 2007
    Location
    Wilmington NC
    Posts
    315

    Default

    You better believe it can... Esp in our area where termites are very active and many home owners don't have proper protection. When the report comes in, they will show an activity diagram of the house to let the buyer know where activity was noted. Then the inspector starts to look for damage. Where there is smoke, there usually is fire.

    I hope you are OK...
    Search for property @ Wilmington NC Real Estate
    or view the current Wilmington Real Estate News

  4. #4
    donrock is offline Condominium
    Join Date
    Jan 2008
    Location
    Orcutt, CA on the Central Coast
    Posts
    116

    Default

    If you're a buyer you should always ask for a termite report. Almost all lenders will require one. If you are doing a FSBO a termite report can be a good price negotiating item. Many times the owner won't want to do anything and will give you a credit.
    If I'm not getting loan (lease option) I like termites because you can get some really good buys.
    Get friendly with an inspector and give him all your business for free inspections.
    Good luck,
    donrock
    To get a wealth of real estate information visit my blog at Real Estate Blog. If you need information about foreclosures or short sales and how to make money with them pick up a free report at Foreclosure Report.
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  5. #5
    pestguysau is offline Renter
    Join Date
    Mar 2012
    Posts
    10

    Default

    Yes, its absolutely true that if you are buyer then you should ask for termite reports. And if found that the home is affected by termites, the landlord should get it treated.

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