In this blog I’m often banging on about getting a pre purchase inspection done, to protect you from being sold a house that has active termites eating it away. The thing I haven’t talked about, is what should you do if termites are found during a pre purchase inspection? Excellent questions glad I asked it.
Just because a house has active termites in it doesn’t mean it’s a bad investment. Obviously the purchaser needs to work out how much the house was worth before the termites were introduced into the equation, then they have to factor in the cost of the termite treatment also the cost of the repair to the building must be entered in. If what you are paying for the house is reasonable then why not buy a house with termites in it.
The most important things in buying a house with active termites in it is to know what your in for and commission the work yourself. What most purchasers do is to renegotiate the contract to factor in the repairs & termite management. Don’t leave it up to the sellers to fix the problem even the nicest of people will cut cost on a treatment that they don’t have to live with and once you take over the property this becomes your problem. Save your self the head ache and get the job done right buy some one you trust who will be responsible for their work.
All this said, I have done a number of pre purchases for people who have had termites in the house during the inspection and they have been very pleased with their purchase. As long as you know what you are in for sometimes it can work in your favor.
Damien
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