Dana, Home Seller in Mass City, MI

if a termite problem is found during the termite inspection, how much does the seller need to pay in the

Asked by Dana, Mass City, MI Tue Dec 2, 2008

state of Mass.

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4
To nip it in the bud, a full inspection should be done for which if it reveals termites that even have been there but are gone but left mud tubes for instance the full treatment with a transferrable warranty should be done by the home owner, costs about $800 to $1,500
0 votes Thank Flag Link Thu Jan 15, 2009
Dana, Any amount paid should be negotiated by you and the buyer through your agents and or attorneys. There are no rules or laws to govern just practice and the parties involved. Generaly all the sold properties upon which the bank will rely for the substantiation of the agreed to price did not have termite problems. Get a clear understanding to the work required, and get written bids. Then you will know the worst case and can negotiate from there. As with most issues there is a low cost fix and the high price fix and the more the buyer wants to design the fix the more thay should help pay for it. All the best RMB
0 votes Thank Flag Link Thu Jan 15, 2009
Dana, the seller isn't required to pay anything unless it's specified in writing. Hopefully, yourself and the buyer will hopefuly negotiate something that will benefit you both.
Web Reference: http://www.bowenboston.com
0 votes Thank Flag Link Mon Dec 8, 2008
Dana,

Most contracts will specify the amound allowed for WDO(wood destroying organisms) damage. Check your contract to see if it is included.

Good luck
0 votes Thank Flag Link Tue Dec 2, 2008
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