Should You Buy a House with Termite Damage?
There are a seemingly endless number of things that can go wrong when buying a house. The sellers might pull the rug from under you, the land surveyor could forget their appointment, or you could be surprised with issues during the home inspection. Though many things can go wrong there’s often a quick solution and you can move forward with your purchase – but what about termite damage?
Buying a House with Termites
According to both real estate and pest experts, you should be safe to move forward on a home purchase with mild to moderate termite damage. Yes, termites are a pest and yes, they can do serious damage but most mild to moderate termite damage is quickly fixed with an exterminator and contractor.
How Much Termite Damage is Too Much?
Because termite damage isn’t covered under most homeowners’ insurance policies and much damage can remain unseen for years it’s smart to know when to draw the line. So how much termite damage is too much? Unfortunately, this is a question the buyer must answer themselves and largely depends on what the seller is willing to concede to cover potential costs.
Can You Sell a House with Termites?
If you’re upfront with the buyer and are willing to cover two to three times the cost of mitigation and repair, there’s no reason you can’t sell a house with termites. Like any other issues with the home be upfront and transparent to help secure trust and an eventual sell.
Moving on with Termites
Termites are another potential headache in the homebuying process, but they don’t have to break a home purchase. Keep an open dialogue about damage and ask for plenty of funds to repair any potential issues and both buyer and seller will come out happy.