||The Termite Report
In most cases, I will recommend that a seller obtain a Wood-Destroying Pests And
Organisms Inspection ("termite report") from a licensed Structural Pest Control
Operator prior to selling a home. Such inspections identify structural pest and
dry rot problems. It is beneficial to know prior to pricing and putting the home
on the market what, if any, termite damage there may be.
In a buyer's market, where demand is low and inventory is high, the seller
will usually be responsible for crediting the buyer for needed repairs, or having
the work done prior to the close of escrow.
In a seller's market, where demand is high and inventory is low, if an
inspection is available buyers will often accept the property in its 'as-is' condition.
If a report is NOT available at the time of the initial offer, buyers tend to
negotiate any needed repairs upon removal of the physical inspection contingency.
It is in your best interests as a seller to have your termite inspection done
before entertaining offers.
Prior to funding a buyer's loan, lenders may require a Certification of Completion
of necessary pest control work. This is another reason to order a Wood-Destroying
Pests and Organisms Report as soon as possible.
Pest Control Operator will segregate the Section I work from the Section II work.
The following is a break down of a termite report.
I can also refer you to a licensed Structural Pest Control Operator through my
list of service providers.
- Section I Work items are those that are currently infested or dry rot damaged.
- Section II Work items are those conditions deemed likely to lead to infestation