From the termite inspection, they found a live swarm just outside the home, near an exterior wall, as well as damage in the basement in an exterior wood joist, and some floor-level basement wall wood framing.
The termite inspector says he sees this kind of damage in about 30% of homes in the area and that it would not keep him from purchasing the home (though he was recommended by our realtor, so IDK how much I trust that). He did say the home was previously treated in the 70s or 80s from his estimation.
Termite damage was found in the basement (old or new who knows). We can easily see about 1/3 of the basement (unfinished), but are flying blind on the other 2/3 of the basement which is finished and was newly painted before listing.
Our due diligence ends this afternoon, if there were no termites we would be good to go, but we are worried about the current market and if home prices drop and we end up finding more damage we would not be in a good place since we are already planning to have to do some work to the home (outside of any termite damage).
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source https://www.reddit.com/r/RealEstate/comments/10jbn33/termite_damage_found_in_tennessee_to_buy_or_not/
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