I Sell Property in Asheville NC and Buncombe County NC
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Trulia Voices!
Lets assume that in your state and the contract you are using for your offer says that you have the right to examine the property and make sure that everything is OK. Some reports are very simple. For example there are termites! yes or no. You pay very little for this report. Other reports will actually locate the termites for you by using infrared sensors to find the termites in the walls. Now the question is how much damage there is and how much will it cost to make the repairs. Most termite reports in North Carolina put responsiblity on a contractor to determine the damage and cost of repair. Sooo if the answer to the questin "do you have termites?" is yes. You will need to review your offer and determine what your next step will be. Because now you will be negotiating repairs on the home if there is damage to the home. Again you will need a contractor to make that determination and estimate of repairs. Your agent should advise you about this because every state has different contracts and provisions about negotiating repairs with or without termites. - Mon Apr 21 2008, 09:10
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