The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: MJ who wrote (15309)	12/4/2003 11:09:37 AM
From: Tradelite	Read Replies (2) of 306849

MJ, you didn't ask me, but.... In Virginia, unless something has changed in the past several years (which I doubt and which means you should consult your own agent in this matter for advice)...... the seller normally obtains and pays for the termite (and other wood-boring insect) inspection. The buyer is free to obtain his own inspection instead, and which party is to do this is usually negotiated along with other contract terms. The inspector's report must be "clean"--indicating no infestation and no damage from present or former infestations. If the report is not clean, the seller is solely responsible for treating any active infestation and repairing any wood damage cited by the inspector. No dollar limit is generally imposed on what this could cost the seller. It simply has to be done if he wants to sell the house. After treatment and repair, the property must be reinspected and a clean report obtained. This might be the point at which the buyer steps up and hires his own inspector if he didn't do that in the first place. Termite inspectors are not perfect. The seller might hire one who gives him a bad report, so without the buyer knowing it, the seller quickly hires another one which gives a clean report and discards the first report. I'd get my own inspector if I were buying a house and be physically present with him during the inspection. Take a screwdriver with you and poke any exposed wood in the basement area while the inspector is doing the same thing, particularly around the foundation and main-floor floor-joists and wall studs if exposed in the basement. Pay special attention to areas of dampness, which termites love--such as laundry rooms and basement bathrooms. You might find something he will miss. If a nice-looking piece of wood turns to sawdust when poked, there's a problem! Good luck with your purchase.

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