Home Selling in 72758>Question Details

Cher Reynolds, Home Buyer in Outside U.S.

who pays for and schedules the termite inspection?

Asked by Cher Reynolds, Outside U.S. Thu May 3, 2012

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4
Follow up...if you are using a different contract than the Arkansas Realtor contract (like with a FSBO), you'll probably need to write in who is responsible for the termite.

Chris
0 votes Thank Flag Link Fri May 4, 2012
It depends on your contract. Arkansas State Real Estate Contract has 3 choices:
A. No termite will be done
B. Seller pays for a 1-year termite contract for the buyer
C. Other

In most cases in this area, B is chosen and it's up to the Seller to choose a company (if there's not already a termite contract on the house), order the inspection, and pay for it at closing. Sometimes the title company will order, but it will be from a company the seller has chosen.

If the buyer is paying, it's up to the buyer to do so (and C would be chosen and that written in).

A good agent will help the buyer or seller get these items done. Termite "inspections" are FREE in this area (Rogers, AR). The 1-year policy required by most lenders costs an average of $300-500 unless there is termite damage or low clearance under a crawlspace house. Your agent can tell you all of these things and more!

Let me know if this helps.

Chris Payton
0 votes Thank Flag Link Fri May 4, 2012
Cher,
In Arkansas, the seller usually pays for the Termite inspection, and 1 year of coverage. The title company can handle the scheduling.
Micheal Emery's answer is correct regarding complete home inspections.

Thanks,
Mike
0 votes Thank Flag Link Thu May 3, 2012
Unless it has been specifically requested in the purchase agreement that the seller pay for inspections, the cost of inspections are paid by the buyer. The buyers agent and their inspector would schedule inspections.
0 votes Thank Flag Link Thu May 3, 2012
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