Who Pays for Termite Report and Repairs
Usually the seller pays for the termite report and the repairs, but remember everything is negotiable.
While we Realtors are busy learning the newly release Residential Purchase Agreement (RPA) it is important to remember that nothing as changed when it comes to how a seller and a buyer approach our unique Southern California problem of wood destroying pests, i.e. termites.
The old RPA had two places where the request for a report were clearly listed. In the new RPA it is not clearly listed. The argument is that this inspection has no greater weight than any other inspection. A good selling agent will strongly encourage their buyer to obtain as many inspections as possible to make them comfortable with their purchase and aware of any issues.
A good listing agent on the other hand would encourage their seller to obtain a termite inspection and report to provide to the buyer. Remember the laws are designed to protect the buyer. Seller sayings to keep in mind are 'seller beware' and 'the truth will save you'. In other words, the seller must disclose all know defects or they could be held liable. If the seller knows the cost to correct all termite issues, they know how best to negotiate an offer. An added benefit to obtaining a termite report early is the seller can save money by doing repairs themselves or using a less costly handyman.
So to review, as a buyer you should investigate all aspects of the home so you are comfortable with your purchase and as a seller you should disclose any inspection reports that are material facts that could change the buyers mind on moving forward with the purchase.
Have more questions concerning best practices when writing an offer or listing your home? Call me today at 562-243-2171. I would love to help!
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on tenting from our termite expert