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.

What If We Find Termite Damage? is a post from: OurBroker.com -- Refinance, Home Mortgage Loans & Rates, Home Equity Loan

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Brokers typically have no obligation to present oral offers — “if I offered $500,000 would the owner take it?”

The logic is that an oral offer, once reduced to writing, might contain vastly different terms — “Well, I thought about it some more and decided the best I could offer was $480,000.”

While a broker is typically required to present a written offer, there’s no obligation for a seller to accept an offer or make a counter-proposal.

Speak with local brokers for details.

Must All Real Estate Offers Be Delivered? is a post from: OurBroker.com -- Refinance, Home Mortgage Loans & Rates, Home Equity Loan

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This site receives numerous real estate questions from visitors, so in an effort to answer some of the inquiries we receive we’re going to take selected questions and use them in columns and articles.

Please understand that we cannot:

• Answer all questions.
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Upon submission, all questions become the sole and exclusive property of OurBroker.com. If your question is selected for publication in the newspaper column, we will send a draft response to you by e-mail. Your full name and e-mail address will not be published in newspapers.

Your Real Estate Questions Answered is a post from: OurBroker.com -- Refinance, Home Mortgage Loans & Rates, Home Equity Loan

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