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Please read your contract. In Connecticut, it is stipulated on the real estate purchase contract that the sellers are not obligated to fix, repair or remedy any issues uncovered by the home/termite/radon/septic/well inspection.
Although it is stated as such, there is also a stipulation where the buyer is given a certain grace period to negotiate with the seller any or all issues and if both parties can't come into a mutual agreement, the buyers can withdraw from the contract and the deposit shall be returned to the buyer, thereby releasing both parties from any further obligation.
Review the home inspection contingency and have your realtor submit your request for termite treatment if your contract includes verbiage similar to the above mentioned contingency.
The worse thing that could happen is that the seller can say no. But in this market, why would a seller not agree to remedy the situation as he will face the same problem if he puts it back on the market.
Time lost in finding a buyer and in marketing the property is irrevocable and the chances of getting another buyer in a short period of time in case you withdraw is speculative.
Again, please review your contract and seek the advice of your realtor or lawyer.
Best of Luck.