Why Are Pre-Purchase Termite Inspections For a Property Highly Recommended?by Bob P. Pest Management Consultant
Termite inspections will bring out the hidden termite pest activities, and steps can be taken to rectify them. So both sellers and buyers have an advantage.
Now it must be well known to everyone planning to purchase a home must get the termite inspections done. Even the home seller must get done the termite inspections before selling off their home. The real estate agents in Northern Beaches, consider the termite inspections as a routine activity. But, always the real estate agents do not have the sole responsibility for getting done termite inspections.
Theoretically, the lenders, sellers, buyers, and real estate agents in Northern Beaches must be concerned with regards to obtaining a proper termite inspection report right before finalizing the real estate deal. But how should a person be aware of who actually has the responsibility to obtain a termite inspection report? Well, this question is devoid of any quick answers.
The amended federal laws existing in different states does not direct it to be a legal requirement, but pre-purchase termite inspections are highly recommended in order to avoid disputes from both parties. But the buyers should take their own responsibility as they need the termite inspection reports before they buy an established home. This is on the part of sellers to provide the buyers with the report generated after professionally done termite inspections. In fact, the lending institutions will completely disagree on allowing the buyers to borrow money unless they have received the professionally produced termite inspection reports.
Definitely, a bank will be disinterested in investing in a home structurally compromised by the termite infestation. When a home displays termite activity signs and the inspector is suspecting the termites to be active, then the buyers definitely reserve the right to having a licensed contractor for termite inspections in Northern Beaches, conduct a detailed inspection.
Often the buyers will choose to hire and make a payment for termite inspections for guarantying a detailed objective report, so as to prevent the conflicts of interests from becoming a big problem in such situations.
In Northern Beaches, an appraiser has to note an issue with the house for the buyers to receive the termite inspection reports. In fact, it is a good idea for the buyers to place a request for the termite activity history in the house they are planning to buy. Even the sellers will benefit when they disclose the previous history of the home. It is because finding out the old homes unaffected by previous termite activity is rare. In fact, when the sellers provide full disclosure, then they will be saved from being held liable for the termite damage found after the home is already sold.
Created on Jan 14th 2021 01:20. Viewed 370 times.