When you prepare an offer to purchase a home, be sure that “uninvited guests” don’t appear in your home after the closing. The guests I’m talking about are termites! Although termite inspections are not always required by your lender, it’s still a good idea to have the home inspected prior to closing for your own sake.
A report prepared by a licensed pest control company will state if there is any presence of active termites, termite damage that could effect the structural integrity, or if there is any evidence of treatment for the wood-destroying insects in the past. It isn’t a guarantee that you will never have termites in the future. The report will give you the results of the visual inspection that was performed by the licensed inspector.
Who pays for the inspection? That comes down to local customs and negotiation between the buyers and sellers. As always, it’s a good idea for sellers to have a whole house inspection and termite inspection when they first put their home on the market. This will avoid the last minute stress when termites or habitability issues arise. The seller will have plenty of time to get two estimates for the treatment of the termites and if needed, to have the structural repairs completed.
If the seller has not provided a termite report, it’s a very good idea for the buyer to have it performed themselves. If the buyer’s inspection report shows active termites or structural damage as a result of the termites, the seller will need to have the termites treated and structural damage repaired or have another licensed termite inspector give a second opinion.
Again, understand that the inspection and subsequent report is not a guarantee that the property will never have termites in the future. Buyers who ignore this important issue during the purchasing process could be asking for trouble later on down the road. If you have any questions or concerns, consult your experienced local real estate professional. They can recommend local termite inspectors and advise you on the steps to take if termites are found on the property.
Contact the Kathy Henne Team RE/MAX FINEST by calling (937) 778-3961.
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