bank is selling a house & it has termites do the have too spray it before selling

Asked by Michele, Idalou, TX Wed Jun 27, 2007

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Don Keihl, , Washington
Wed Jun 27, 2007
Some states required a Wood Destroying Organism (WDO) inspection as part of the home inspection process for real estate transactions. Regardless, I would have a WDO inspection prior to entering into this contract or if you already have, have it inspected now to determine the extend of the damage and the cost to treat termites. Even if you have to walk away from your down payment, it may be the best answer to your problem. Banks will usually work with you due to the disclosure laws that they are required to disclose material defects to other buyers if your sale does not go forward. Good luck....
0 votes
Bruce Lynn, Agent, Coppell, TX
Wed Jun 27, 2007
Michele,
Excellent question. You just need to read the contract. Some may cover it, some may not. Some may cover up to a specific dollar amount. I usually find this in the amendment section of the contract. My guess is unless you specifically address it, it won't be covered. Termite or WDI treatments are typically not cheap and can be very expensive. On the other hand a termite or WDI inspection is relatively inexpensive if you have the chance to do one during your inspection period.
Web Reference:  http://www.teamlynn.com
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Sean Hayes, Agent, St Louis, MO
Wed Jun 27, 2007
The 2 previous real estate agents provided you with some great starting blocks in this process. A couple of things that you need to take into consideration; are there any laws in your market providing you protection in regards to termite treatment, Is the bank selling the property in present condition or more commonly called as is, and also check into the terms of your mortgage. You may discover that your loan program requires you to have a termite inspection and for any evidence that arises from that inspection, the property needs to be treated.
Most importantly if you are not working with a real estate agent, please get yourself some representation. They will be able to provide you with a better direction and picture in regards to the standards of your area's market. Best of luck!
Web Reference:  http://SeanHayes.cbp1.com
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Ralph Pratt…, , Roseville, CA
Wed Jun 27, 2007
No, unless your purchase agreement calls for it to be done. If your contract to purchase says that the seller will agree to it then they have to or cancell the offer and return your deposit. It is a contract with terms and conditions, does your contact cover this? Did you agree to a "as-is as- seen" and not asked your agent or rep to cover this? Make sure it is in the agreement. In California most purchase agreements give you a set time to perform any and all the inspections that you feel need to be done. If you don't like what the reports have to say you can cancell in writing the offer to buy within the time frame set in the contract.
Web Reference:  http://www.ralphpratt.com
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Irina Netcha…, Agent, San Marino, CA
Wed Jun 27, 2007
Dear Michele,

Not all banks require termite clearance. Some banks are selling homes in "As Is" condition.

I would suggest that if you are not represented by an agent (you should be though for your own protection) than you call the bank directly and ask them if clearance is provided by them.

Good luck!
Irina
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