What Exactly is a Termite Report?

Real Estate

If you are purchasing a home in the area, then a termite report should be non-negotiable on the property. There are instances when the buyers will offer the results of a recent report. But, most of the time this burden falls on the buyer to complete the inspection before closing on the sale.

Does The Home Have an Infestation?

The purpose of a termite report is to determine if the home that you are planning to purchase has termites or other pests that might cause damage to the wood portions of the structure. Termites, as well as certain types of beetles and ants, feed on wood or colonize in sections of decayed wood.

Buying a home with termite damage or a current infestation means that you could be facing thousands of dollars in repair work that needs to be completed. A detailed termite report not only uncovers the problems, but the extent of the damages and necessary restorations are outlined. Then, this information can be used in the negotiations of the home.

Who Pays for Termite Remediation?

Just because a property has termite damage, it doesn’t mean that you shouldn’t buy it. If the damage is minor, then you can work with your real estate agent to determine who is responsible for paying for the work that needs to be completed. For example, there are times where the problems are identified. Then, this information is used to negotiate a different closing price because the sellers will bear the burden of paying for the restoration services that are needed.

The work will be performed; then the termite company will come back with a fresh inspection and a certificate of clearance. At this point, you can have the peace of mind to know that you can move into the home without worrying about these problems. It is always a good idea to maintain a regular inspection schedule with your pest control team to identify any problems in the future.

Always Schedule a Termite Inspection

When your offer on a home has been accepted, you have time to complete inspections on the property before closing the deal. A termite inspection should be high on your priority list so that you can protect your investment in the home. For more information, talk to your real estate agent to learn about other inspections that should be completed as well.