Someone will need to be home for the inspection, or acces to the house needs to be available. If you cannot be there, your agent (if you decide to hire one) may be able to help coordinate the inspection on your behalf.
10. Pest Inspection Results:
The termite company will either give the buyer the written report at the time of inspection, or they may deliver or email it to the buyer and/or their agent. Negative Reports: Occasionally a negative report is received indicating that a termite infestation has been found, or worse than that, a wood-boring beetle infestation. Your contract may cover only certain types of pests. If you have a subterranean termite infestation, then a ground treatment is done, which might involve boring holes in the slab. If you have a dry wood or boring beetle infestation, then your home may have to be tented. This can run over $1,000. Damage: If damage is indicated, then the lender or buyer might need to examine the damage before repairs are performed. This is their right. If repairs exceed your liability, you have the right to cancel the deal. However, you will still need to do the repairs for the next buyer, and all negative reports must be disclosed to all future potential buyers. This is the law. Wood Rot: If the property is cited for wood decay (and expect this to happen in at least 50% of all deals), then the lender will either require that the repairs be done, or they may send out an inspector to determine whether the wood decay has caused any structural damage.
If the inspection determines the wood rot to be cosmetic only,
94
Powered by FlippingBook