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Son of the Bunboy, Part II | When you sell a house, do you have to get it inspected for termites? |
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all4equines
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as the seller no. The buyer can opt to do it as part of their pre purchase inspection & then if they are found they may ask you for a credit at closing or to pay to eradicate them before they close. |
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MamaBear
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This is a very state-specific question. In Georgia, for example, as of this year, a seller does not have to provide a termite inspection report. That does not mean that mortgage companies won't require it as part of the closing (thus making it the responsibility of the buyer to provide), or that it's not a good idea to have one.
Basically, the only thing you HAVE to do is what is in your contract. |
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artwhiterealtor
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Here in the San Francisco Bay Area we Realtors have developed what I think is the best practice regarding termites. No professional termite report is required here by law or by lenders. But almost no one will buy a house without a pest report, as we call them here, unless the building is a complete tear-down or brand new. The pest report is not from a termite exterminator, but from a licensed structural pest inspector. They are specially licensed by the state to inspector for wood destroying pests and to cure the problems they cause. This includes termites, but also dry-rot and beetles. The report comes in the form of an inspection itemizing every problem discovered and a bid on fixing each of them. This type of report is uniform throughout the state.
The Realtor community has found that having a recent pest report, from a reputable company, gives the seller a reality check and buyer confidence regarding the asking price and the likely selling price. Getting a property into a contract only to have the buyer pull out because of the pest report is a waste of everyone's time and money. The public in general has become educated to this fact as well. A substantial number of open house visitors will ask to see the pest report when they visit. Full disclosure is the best way to go: give, get it, demand it, and expect it. |
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Kristy - Kaitlyn's mommy
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You don't have to. The purchaser's will probably want it though...or their homeowner's insurance might require it. |
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Judy
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In most states it is a state requirement and is preprinted in the contract you sign as the seller.
You can state that the house is for sale "AS IS" and that any and all repairs are the responsibility of the buyer.
I recently bought a house that had had a termite inspection. Four months later the termites swarmed. We contacted our realtor who contacted the Termite Company. We were told... hmmmm, there wasn't any sign of them when we looked, too bad so sad. We went further than that and was told.... there wasn't any sign of them under the normal termite inspection and unless you paid to have holes drilled to inspect for them..... what seller would allow us to do that????????????? |
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Bridey
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Most realtors will require you to have what is called a termite bond. This means that you are contracted with a company that regularly performs inspections and/or extermination for termites. This, by the way, is a good idea. The contract costs around $1500, but if your home is damaged in any way while under the contract, the extermination company is held responsible, which can save you and your insurance company loads of money. It also encourages the termite company to perform their duties as promised. |
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music man
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the seller doesn't have to have it inspected for anything |
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cyguysd
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You should because the buyer will probably ask for it and have you pay for it anyway. Just makes it more attractive to the buyer when you take care of little stuff like this already and wont seem your trying to hide anything. |
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Alterfemego
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If you have had a problem in the past with termites, then I would. If you have a problem now you want it taken care of before the buyer comes in and see's that you haven't taken care of it. A real deal killer. Make sure to have all routine maintenance done, if a buyer has an inspection and finds deferred maintenance items, it could also be a deal killer. |
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Melimel
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no, you as the seller doesn't have to. It is up to the buyer if they want to get a building inspection done which includes termite inspection. Not a cheap exercise though, it cost us over $600 |
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dEE
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most definitely. Even if you didn't, I'm sure the buyer would. |
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