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Follow on Google News | Buying Or Selling A Home With TermitesReal estate transactions can be nerve racking enough with inspections. There are many snags along the way but none are more of a deal killer than termites. The right information can help you make a good decision and save that deal, buying or selling.
By: Jerry Schappert Not every state requires a termite inspection for the sale or refinancing of a home but except for the state of Alaska it should be a high priority on any buyers to do list. Recently H.U.D. (Housing and Urban Development) The seller should also be interested in knowing whether or not their home has any issues with this wood destroying insect that need to be dealt with. In todays market it's hard enough to find a willing buyer only to have the deal sour when a negative termite inspection comes back. The best time for the seller to have his inspection is long before the buyer calls in theirs. This way should termites, wood rot, drywood termites or any other wood destroying organism be noted you can handle it way ahead of time and make it a non issue at the time of the sale. Make sure you tell the inspector that you call out for this pre inspection what your intentions are. If not he or she might just be on the look out for subterranean termites and not the many other things that can also be a red flag, after all, it is called a termite inspection. Once you get your inspection results take swift action and fix the areas that need it completely. I'm sure this would be your intention anyways but in real estate there is a thing called 'full disclosure.' If you tell someone you took care of the termite problem or damage but it is later discovered you only covered up or went half way, you could have some problems. The best way for a seller to get through this process is to have all the paperwork such as contracts for treatment guarantees and receipts for repairs in a nice tidy folder ready to be viewed at anytime. State the facts and don't dodge the issue but at the same time you don't need to feed into peoples fears. Your realtor (if you have one) should be well versed in how to handle these situations so perhaps it is best to let them deal with it. http://pestcemetery.com/ Buyers might not be so wise to immediately run for the hills should the dreaded word termite come up in negotiations. I have seen many people use this possible deal breaker as a powerful bargaining chip and get an even better deal on the home. Termites eat wood and therefore any structure they are found in is going to have damage but the big question is always how much?http://pestcemetery.com/ The real estate transaction is a trying time regardless if your buying or selling. Having termite history does not have to be a deal breaker. The most important aspect is knowledge, knowing the facts rather than relying on your fears of what this bug MIGHT have done or did in the past may be a big mistake and ruin your opportunity for completing the deal. If you're a buyer have all of your questions written down and also write down the answers. This way you can refer to them later when things are quiet and see if this purchase still makes sense. Of course you'll want to weigh your options very carefully and have all your questions answered so that you can make the best decision possible. The seller needs to have everything spelled out and put on paper and put that information in with the packet that has your appliance warranties, insurance papers and all the documents that go along with the home. Nothing says "I took care of my termites" like a little organization and a nice crisp contract that has the words 'termite guarantee' written all over it. If you are cluttered and have your inspection graph wadded up in a drawer and the contract in a shoe box somewhere you won't garner much trust and when it comes to deal breaking termites you're going to need every bit you can have. Home sales happen everyday, albeit far less in the present market and there are very few perfect homes out there. The surplus of homes available is to the buyers advantage and sellers already have to lower their prices to compete. Haggling over keeping the washer and dryer or who'll pay the closing costs is one thing but should termites be found the seller may not be willing to concede anymore and the buyer can easily go to the next house on the list. To avoid this on either side you need to use some forethought and take action. It may be the best deal and the home is everything the buyer wants but this one hurdle is the only thing that stands in the way. Take your time and try to stay logical and remember, homes can be repaired and termites can be killed but a deal gone south is hard to resurrect so you've got to have a plan. # # # Jerry Schappert is a certified pest control operator with over two and a half decades of experience from birds to termites and everything in between. His blog reflects his years of experience and has been well received by homeowners and pest pros alike. End
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