How to Deal with Termite Damage Part 2
Termite damage is a homeowner’s worst nightmare. Not only can these “silent destroyers” wreak havoc on your house, but also on your bank account.
In Part 1 of this article, we discussed exactly why termites can be one of the most financially devastating pests out there, and we also covered how to spot the insects or an infested area. Today we are here to go over your legal obligations when selling your home and the benefits of selling your home as-is.
Your Legal Obligations
Did you know that homeowners are legally obligated to disclose certain information to prospective buyers? One of those pieces of information is termite activity and damage! This means that if you have termites or had termites in the past, you are required to let people know when they are thinking of buying your home.
Every state has its own type of disclose form, but generally speaking, you’d need to include:
- Current termite activity
- Previous termite activity
- Termite damage (including damage that has been fixed)
- Termite treatment
As the seller, you should also be prepared to hand over copies of all the relevant paperwork. This could include any of the following:
- Bills relevant to the termite damage
- Inspection findings
- Termite bond with a service guarantee
Be aware that any potential buyer will still order a certified termite inspection. After all, this is part of a home buyer’s due diligence.
Don’t think you can afford a ton of repairs before selling? We buy homes for cash in Clarksville, TN, and we buy them as-is!
Benefits of Selling As-Is
Paying for expensive repairs and still having to disclose that you had a termite infestation probably seems like the worst of both worlds.
It can already be hard enough to sell your home without a potential dealbreaker like termites. How long will it take to sell a home with a compromised past? Will you make enough money to justify all the repairs?
If you’re worried about the time (not to mention the hidden costs) it could take to sell your home with a real estate agent, you may want to consider an alternative plan of action.
We buy houses fast in Clarksville, TN. That means you could easily be rid of your termite-infested home, skip expensive repairs, and not worry about any disclosure complications down the road. All you have to do is take the cash!
If you want to learn more, submit our contact request form or give us a call at (931) 980-7845.