I see that you are from Medford. The Agreement of Sale that is used by Realtors in Burlington County states the buyer is responsible for obtaining and paying for the termite inspection. The seller is responsible for any treatment and possible damage up to specific dollar amount that is filled in on the Agreement. If the treatment and/or damage exceed that amount, the seller has the option to void the contract. Most sellers will pay for the treatment and repairs because this will now have to be disclosed to the next buyers.
I would strongly urge you to use a "termite" inspector not a home inspector. Most home inspectors are certified to check for termites but their company usually cannot do the treatment and/or repairs. More importantly, if they do not find termites, most home inspectors do not offer any type of warranty. A local and reputable termite company will usually give you a one year warranty which is renewable at the end of that year. Also, I feel that a termite inspector is more knowledgeable with respect to all types of wood-boring insects. The going rate is $75.00 for this service and warranty, well worth the peace of mind.
Broker - Sales Associate
856 235-1950 x 140
609 680-8490 cell
Termite inspections are a part of the buyer's inspection and typically if termite and/or termite damage is found - the seller usually pays for the treatment and/or remediation of any termite damage.
973-228-1000 ext 132
Mark Leach | http://affordableautoservicecenter.com
Paul F. Marzolla
Senior Vice President
Licensed by the New Jersey Department of Banking
Member of the National Association of Mortgage Professionals
It depends on how your contract reads. If your contract states "As Is", then you may be responsible for all inspections, plus the costs of repairs. Be sure to consult with a good real estate attorney to help you understand your contract.
Sales Associate, GRI
Office: 856-596-0008 x 141
If a buyer is not getting financing then a termite inspection is not necessary (BUT one should be completed).
Who is responsible for ordering a termite and having a qualified professional preform the test is absolutely NEGOTIABLE. The buyer may "traditionally" be the one who orders it but it is NEGOTIABLE.
Please read Rosanne's answer below. She is absolutely right about which inspector to choose. I always encourage my clients to have the wood boring insect inspection performed by a licensed pest management company (exterminator) not a general home inspector for the reasons Rosanne cited.
Normally the wood boring inspection is paid by the buyer; however, if you are obtaining a VA loan, the seller must pay. Due to government regulations in regard to VA loans, veterans are not permitted to pay. The VA buyer still chooses the company/inspector.
Good luck to you!
Either way, the buyer pays for it.
Usually a termite and pest inspection are part of a home inspection,which is paid for by the buyer.. Most lenders require it for your mortgage. If there is a problem, usually the lawyers work out the terms, and most often, the repair is paid for by the seller. However, anything is negotiable, so it isn't finalized until it is worked out.
It's an interesting way to ask this question.
I'd suggest that as a buyer, you should always keep in mind the phrase Caveat Emptor.
Here's the wikipedia for you:
Caveat emptor is Latin for "Let the buyer beware". Generally caveat emptor is the property law doctrine that controls the sale of real property after the date of closing.
Too many people, in my humble opinion, get hung on the notion of 'who's responsible' as if pending litigation is inevitable.
To Marc's point earlier, buyer's should always get a professional home inspection. The home inspector experienced in NJ would know that Termite damage is one of many common things to cover and a pro-active approach on your part will protect your interests.
Don't ever rely on the word of a seller and expect them to disclose an issue that might have a potential negative impact on your investment.