Monk-monk, Home Buyer in Gastonia, NC

Who is responsible for the pest/termite inspection in North Carolina? Buyer or Seller?

Asked by Monk-monk, Gastonia, NC Wed Dec 14, 2011

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6
rmm2cool, Home Buyer, Gibsonville, NC
Sun Mar 29, 2015
Do you have to get a certificate of occupancy in North Carolina to sell a home?
0 votes
Molly Hay -…, Agent, Columbus, OH
Thu Dec 15, 2011
What does the contract say? If my buyers want to do a termite inspection I add that into the closing costs to be paid at closing by the seller.
0 votes
Scott Riggsb…, Agent, Randleman, NC
Thu Dec 15, 2011
Every lender will require a pest inspection nowadays, and ultimately it is the buyer's responsibility. Pest Inspection is just another "due diligence" item that you as the buyer may want to check out during your due diligence period. This time frame should be spelled out in your contract and determines up until what date you can walk away from the deal, for any reason, and still get you earnest money back. Contracts as of January 2011 require not only earnest money but also some amount of "due diligence money", which is what you pay to have that specified amount of days to have the property inspected, surveyed, etc. You do not get the due diligence money back. That money goes to the seller for taking the property off the market for that specified amount of days. The amounts of each of these are negotiated between buyer and seller, but we typically see amounts as low as $100 for due diligence money on up, depending on what can be negotiated.

If the deal were to fall apart, somewhere during the process, unless it is specifically spelled out in additional provisions otherwise, the buyer is responsible for his own due diligence inspections, including the pest inspection.
Web Reference:  http://www.sandhillsnc.com
0 votes
Diana Gardner, Agent, Elizabeth City, NC
Thu Dec 15, 2011
It is also important to learn if the seller has a contract in place with a pest control company. The seller can request a report letter from them, plus you may be able to assume the contract for an annual fee.
0 votes
Daniel Fisher, Agent, Charlotte, NC
Wed Dec 14, 2011
Good evening, Monk-monk.
NC is a caveat emptor "buyer beware" state. If something is important to you as a buyer, you should independently obtain or verify the item or information. The termite/pest report is usually only good for a limited time. In practice, the buyer or their agent orders it about 30 days ahead of the purchase. If your negotiations included seller paying buyer's closing costs, the seller ultimately pays for it.
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Chip Wilson, Agent, Belmont, NC
Wed Dec 14, 2011
The buyer should have it done by a competent and licensed termite inspector. Many lenders will require it.
0 votes
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