Termites, also known as silent destroyers, cause more than $5 billion in property damage every year. Moisture, wooden structures, and debris are the common reasons that can result in termite infestation in a house.
When it comes to real estate, termite inspection becomes absolutely necessary. FHA, HUD, VA, and most financial institutions require termite inspection report as termites can compromise the structural integrity of the property and reduce its value.
Aside from complying with the requirements, here are some key reasons why termite inspection is important for real estate.
Confidence as a buyer
When you purchase a house, whether old or new, it’s normal to assume responsibilities of minor repairs and upkeep of the house such as malfunctioning water heater or perhaps improper light switches.
However, there are many repairs that can be quite expensive and may even compromise the integrity of the house and, unfortunately, termite infestation is one of them. Not only it can cause cosmetic damage, but also cause structural damage and render the place inhabitable.
Therefore, a termite inspection provides you as buyer confidence that you won’t have to face termite problems after you’ve signed the dotted lines, saving you from losing potentially hundreds of dollars in the future.
Full disclosure as a seller
If you’re selling your house, it’s your responsibility to provide full disclosure about the property and its condition. Though potential buyer themselves will conduct a home inspection to identify all the necessary repairs in the property.
In addition to a general home inspection, conducting termite inception will help ascertain that your property is not damaged by termites so you can demand the right price for your property.
It can be particularly beneficial in cases when you’re selling the property to a friend or relative. For instance, if their home gets infested from termites in the future, they won’t be able to accuse or blame you for hiding termite damage from them.
Saves time and effort
Having a termite inspection report that shows no damage or signs of termite infestation saves the time of the buyer, the seller, and other parties involved in the transaction. It actually helps in providing everyone with a clear understanding of the condition of the house.
There are instances where a real estate arrangement moves in the final stage only to fall apart due to unidentified issues that resurface at a later stage. This only wastes time and effort and can be easily prevented by getting a termite inspection done at an earlier stage of the process.
That being said, it’s not necessary that a report showing damage will necessarily lead to a no-deal. The inspection may show minor damage that can be treated without breaking the bank. In that case, the buyer can request a reduction in the price to cover up for repair expenses.
Looking to sell or purchase a house? Hire the professional termite inspection services of Xterminator. Based in Columbus, Ohio, we’re an experienced pest control company can identify termite related issues and treat the property immediately to prevent the sale from getting cancelled or delayed. To schedule a no-obligation appointment, call us at (740) 454-8000 or visit our website.