Forgotten Your Password?

Need to Register?

Question Icon

who pays for termite inspection, buyer or seller

by davechambers458 from , California. Jun 5th 2016 Reply


Cary Brooks (Cary_193_811)
#848 ranked lender in California - 10 contributions

Usually the buyer.

Jun 5th 2016
1
0
Lorne Harvey (lorneharvey)
#81 ranked lender in Washington - 418 contributions

The buyer

Jun 6th 2016
1
0
Ray Jones (OneRay)
#873 ranked lender in California - 10 contributions

It's completely negotiable. However, in the Central Valley of California, the seller typically pays for the inspection AND section I repairs.Insider tip: Except for VA loans, a pest report is not required and can open a can of worms if put into the sales contract because the lender will then require a copy of the report and the underwriter can make you do all of the repairs she feels are important in order to close. Alternatively, you have 12 days by contract to do any inspections you desire. I recommend not putting it into the contract but getting a pest inspection during your inspection period. They only cost like $75 to $150 and are well worth the investment. Depending on the results, you can go back to the seller to request the corrections/treatments that matter to you and you retain control of the transaction.Tip #2: A home inspection works the same way. Get one yourself but do not put it into the contract.http://www.oneray.com

Jun 6th 2016
1
0
William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,925 contributions

Customarily, it's the buyer, but like all things in life, everything is negotiable.. With one exception.. VA requires a termite inspection on all files, and the borrower/veteran cannot pay for it.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Jun 6th 2016
1
0
Subscribe to our news feed.