Most home purchase agreements have clauses that deal
with termites. After the agreement is ratified, a termite inspection is
arranged. Before the closing can occur, the sellers must be able to
produce papers signed by a licensed exterminator stating that the house
is free of infestation and that any termite damage has been repaired.
Before you sign an agreement to buy or sell a home, you should read the
termite clause and be sure that you understand it. Who selects the
exterminator and pays for the inspection? If bugs are found, who pays
for the treatment? Are the sellers obligated to repair any damage and
have they placed a limit of the dollar amount they will spend on those
repairs? If treatment is required, the buyers may want a chance to
discuss the options with the pest control company, especially if
someone in the family is sensitive to the chemicals used to control the
termites. Ask about the exterminator's guarantees or service contract
options.
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