Skip to main content

Termite damage?

We're first time homebuyers and we're currently under contract to buy a house that we like and believe to be fairly priced. We had inspections (they went very well) and the only real issue was a 2 or 3 foot section of recent termite damage to a sill plate. The termite inspector didn't seem too concerned about it, because termites are literally everywhere in this area. His reccomendation was to get the house termite treated and have a contractor look at the sill plate in order to get certifications.

We added the sill plate repair to the repair request and the seller initially signed off on repairing it, but now that the seller's contractor and termite people have seen the sill plate, the seller is saying the repair is unnecessary (according to their contractor and termite guys) and therefore no longer want to do it. The seller's agent is asking if we'd be OK with accepting a statement from their contractor and termite people saying that the repair is uncessary (we aren't).

Right now we're in the process of getting our own contractor out to check out the damage, just for independent verification and also to provide us an estimate of what having the section of sill plate repaired would cost us. If the repair really isn't necessary, then I don't care if the seller doesn't fix it - but if it is, then things are a little more complicated.

Are we adequately protecting our interests here or are there more steps we should be taking? We don't want to walk away over nothing, but we don't want to be blindly optimistic and set a pile of money on fire either. I'm a little disappointed they reneged on the repair, but I also understand there's an obvious profit incentive.

For the record, I don't believe the seller is trying to screw us over. I just want to make sure we're covering our bases and protect our interests.

submitted by /u/paczkinearme
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/dwzsbt/termite_damage/

Comments

  1. I’m Артур Борис a resident/citizen of the Republic Of Russian. I’m 52 years of age, an entrepreneur/businessman. I once had difficulties in financing my project/business, if not for a good friend of mine who introduced me to Mr Benjamin Lee to get a loan worth $250,000 USD from his company. When I contacted them it took just five working days to get my loan process done and transferred to my account. Even with a bad credit history, they still offer their service to you. They also offer all kinds of loan such as business loans, home loans, personal loans, car loans. I don’t know how to thank them for what they have done for me but God will reward them according to his riches in glory. If you need an urgent financial assistance contact them today via email  247officedept@gmail.com  WhatsApp information...+1-989-394-3740

    ReplyDelete

Post a Comment

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...

How to Avoid Property Scams in Delhi?

Here’s What You Should Know! Commercial Real Estate (Non-Residential) Buying a property in Delhi can be tricky, especially with all the stories about scams and shady deals. If you're in the market, here are some tips to keep yourself safe:Double-check the documents: Always verify ownership and approvals. Don’t just take someone’s word for it—look at the actual papers. Do your homework on prices: Compare similar properties to avoid overpaying. A little research can save you from a bad deal. Work with trustworthy people: Whether it's a seller or an agent, go for someone who's transparent about pricing and the process. If they’re dodging questions, that’s a red flag. Ask for reviews or references: If someone you’re dealing with has a good track record, they won’t hesitate to share testimonials or connect you with previous clients. I’ve noticed that some property services have started focusing on things like verified listings and clear communication, which makes the whole proc...