Most home purchase agreements
have clauses that deal with termites. After the agreement is ratified, a termite
inspection is arranged. Before the closing can occur, the sellers must be able
to produce papers signed by a licensed exterminator stating that the house is
free of infestation and any termite damage has been repaired.
Before you sign an agreement to buy or sell a
home, you should read the termite clause and be sure that you understand it. Who
selects the exterminator and pays for the inspection? If bugs are found, who
pays for the treatment? Are the sellers obligated to repair any damage and have
they placed a limit of the dollar amount they will spend on those repairs? If
treatment is required, the buyers may want a chance to discuss the options with
the pest control company, especially if someone in the family is sensitive to
the chemicals used to control the termites. Ask about the exterminator's
guarantees or service contract options.
