Termite Report Information
The purpose of performing a termite inspection at the time of listing is to prepare the seller for any termite work that may be necessary in order to close an escrow. Based on the report, you can factor any repair work into your expected net from a sale. There are fewer “surprises” during the course of an escrow, which only adds to frustrations that mount during a sale. This report also prepares the sales team to better negotiate an offer, allowing them to protect your best interests with the termite report in mind.
You, as the seller, are responsible for all “Section 1” work, which is any existing damage caused by wood destroying pests, excessive moisture, and/or dry rot situations. Throughout the report, we have highlighted those section 1 items for your review. There is a “work authorization” page in the report that we will need you to sign and return, if there is any section 1 work that needs done. We will not forward the authorization page of the report to the termite company until the last weeks of an open escrow.
Any questions you have on this topic will be handled in a timely manner by our Administrative Staff.
Friday, August 31, 2007
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