In California, as in most states, you, as a seller, generally cover the cost of the WDO inspection, although with many companies, they may offer to do the inspection at no cost in the hope that you will use their services again for future problems. In California and most other states, seller pays for termite inspections. This is because some lenders ask the homebuyer for a termite certificate or report before financing a loan without inspection, no loan, no home sale. In most cases, buyers pay for termite prevention and seller pays Termite Treatment in closing costs.
However, if the seller put the house “as is”, buyers are responsible for all termite damage and future prevention costs. Aside from legal and lender requirements, homebuyers can always include a termite inspection contingency in their purchase agreement. If the seller refuses to cover a termite inspection, a prudent buyer will pay for their own termite inspection of the property, along with a regular home inspection. Termite inspection is usually done by the buyer.
Now, before you continue to complain about how the seller or the previous owner should take on this, you may want to take a look at some of the reasons why this could be beneficial to the buyer's side. As a buyer, you can use the amount you spent on the inspection to negotiate the price of the home you plan to buy. And of course, through this process, you'll also be able to tell if a home is prone to termite inspection, as professional termite experts know how to determine past and present termite infestations. You can trust that Los Angeles termite inspectors at The Elite Group will find termites in your home, wherever they hide.
If the seller indicates in the contract that the buyer has to pay for any pest damage or repair found, it will be the buyer's responsibility. A whole-house inspection with termite report is the same as a home inspection, but it also includes an assessment of the possibility of a western termite inspection: A termite inspection is a slang term for a wood-destroying organism (WDO) inspection (also known as the CL-100 report in some areas) ). The seller will need to fix these issues before the buyer moves in or, ideally, before there is a prospective buyer in all damage and pest infestation can disqualify the buyer from home loans. As with many issues that arise during a transaction, if the cost of repairing termites is significant enough, then who will pay for termite repair is truly open to negotiation.
Based on the inspection results, the pest control company will recommend treatments or provide prevention and protection options. Non-government backed lenders may require a termite inspection if termites are suspected, but they are generally not required otherwise. A seller who chooses not to do any termite repairs can cause problems for a buyer seeking a bank loan. It is advisable to ask your loan officer if they require termite inspections as part of a condition for financing the loan.
If the seller does not provide a termite inspection or termite inspection report, it is the buyer's responsibility to pay for the termite inspection. If the appraiser performing the buyer's loan appraisal indicates in his report that he is subject to a termite or timber-destroying pest inspection, and there is section 1 work noted by the termite inspector, then the buyer's lender will insist that the Section 1 termite repairs be completed before the lender will finance the loan. However, any inspection is limited only to what is visible and accessible and can sometimes create a “false sense of security” in the termite world. With this in mind, getting a termite inspection is in the best interest of the seller and buyer without the lender's approval and financing, the sale of the home could be in jeopardy.
It is advisable to ask your loan officer if they require a termite inspection as part of a condition for financing the loan. .
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