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What If We Find Termite Damage? : Mortgage Loans, Rates, Home Buying, Selling, Foreclosures

What If We Find Termite Damage?

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Question: What happens if a termite report shows termites or termite damage?

Answer: You need to look at the specific terms of the sale agreement. If there’s an active pest infestation, many standard agreements require treatment by a licensed pest controller. Because poisons are involved this is not a do-it-yourself job for sellers. A professional is required and a savvy buyer will accept nothing less.

If there is no active infestation but damage from the past, then some contracts require repair, some require repair up to a certain dollar amount and some require no repair — just notice to the buyer that there has been damage. The bottom line: See what the agreement requires.

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Syndicated originally by Content That Works and posted with permission.

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