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What to Know About Termite Inspection for a Home Purchase

Disclaimer: The content of this blog is written by a 3rd party blog writing service and does not reflect the opinions of A.G.G. Home inspections

If you are a home buyer, you would most likely freak out if you find termites in a home you are considering buying. This is not unusual as termites are found everywhere in the United States and are estimated to be responsible for more than $50Bn of damages annually. This is even more than the estimated damage caused by house fires! One of reasons why termites are a big deal in Florida is because the warm temperature and the high moisture levels contribute to the perfect environment for termites to thrive. Therefore, it is important to do a termite inspection as part of a home inspection in Palm Coast before you commit to buying a home.

The State of Florida also has regulations for the inspection of houses for termites and other insects that attack wood structures, commonly referred to as ‘wood destroying organisms’ or WDOs. This inspection is called a WDO inspection and is an important part of any home inspection in Palm Coast.

Why is a termite inspection so important before buying a house?

In real estate, termites is used to describe most WDOs including termites, carpenter bees, ants and beetles. It is hard for an untrained eye to notice the early phases of WDO presence in a structure. Most people generally just inspect for and treat termites as it is the cheaper option. However, in a case where this has not been done for a while, maybe in the case of a home that has been vacant for a while, these critters could have gotten deep into the wooden parts of the house. When this occurs, the cost of repairing the damage could be as high as several thousands of dollars. In some extreme cases of termite infestation, you might be even better off demolishing the house and building a new one.

Termites threaten most houses, whether detached or townhomes or even condo buildings that have wooden structures. If your house is made of brick or concrete, there is a lower risk because there would not be enough sustenance for an entire colony so it could be just furniture and wooden fittings that are vulnerable.

You should be worried about your new home having termites because if it shows up in a home inspection in Palm Coast, lenders become wary and this can even lead to your loan approval getting delayed. You don’t want that so it is better to get a termite inspection done to save yourself present and future hassles.

Who is responsible for the termite and WDO inspection?

In most states, the seller may pay the termite inspection costs. Maryland and DC real estate contracts have stipulations that the buy can either pay for the WDO inspection or ask the seller to pay for it. It’s not usually expensive so most real estate agents would advise that the buyer pays for the termite inspection so that it can be done in an accountable way. Now if there are issues detected during the inspection, the buyer can then refer the information to the seller who can then decide to do another independent termite inspection to collaborate the results and extent of damage.

Who pays for termite treatment and damages found?

Sometimes the termite and WDO inspection comes back with a problem which could be as trivial as dead termites in a small isolated structure or as serious as structure-compromising damage by a colony of insects. This does not in any way give the buyer to right to pull out of the purchase outright. The seller should pay for all damages from termites and anything else found during a home inspection in Palm Coast. Now the seller could come back and say that he does not have the money to make the required repairs. In this case, the buyer could either agree to pay for the damages and have the amount put towards the closing amount as a credit. Either way, it is usually never cheap or easy to settle the damage if it is extensive. In extreme cases, the buyer and seller can both agree to cancel the sale.

How does the termite inspection affect your mortgage application process?

Nobody wants to lose their investment and when you ask for a mortgage, the bank will hold your home as collateral. A termite infestation will also affect the valuation that the lender will place on the property. Most banks and lenders will require that the inspection is done for homes and townhouses so that they do not lose their money in a dilapidated home that could turn out to be a bad mortgage down the road. Once the cost of the repairs has been agreed, the lender will typically request for a document proof to confirm that all issues have been fixed and certified termite-free.

Final Words

A termite inspection before buying a home is necessary for every party involved in the sale process; the buyer, seller and bank. Even if you find termites in the home that you want to purchase, it is not the worst thing that can happen. Both the seller and buyer should agree the best way to get all the termites treated and the damages repaired before the sale is pushed through. After buying the home also, be vigilant enough to look for signs of termite infestation like tiny holes in the walls, sections of crumbling wood, and dirty veins in the ground around the home, running up walls. Wood mulch should be kept far away from the home foundation as well as loose items containing wood such as planter boxes, firewood and scraps. Termites love having water around so ensure that any water leak is repaired quickly before it soaks surrounding wood structures and make it inviting for termites. Also ensure that garden sprinklers do not spray water on the house walls or on leaves and debris around the house.

Finally, it is recommended that a termite inspection is done every year using a reputable pest control company.

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