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Updated almost 5 years ago on . Most recent reply

User Stats

17
Posts
17
Votes
Arthur Crum
  • Real Estate Agent
  • Easton, MD
17
Votes |
17
Posts

Flipping a house with TERMITES!???

Arthur Crum
  • Real Estate Agent
  • Easton, MD
Posted

Hello! I'm looking to flip my second home and already have eyes on a property I like. However, I have been informed by the listing agent that the original contract fell through because the WDI inspector found termites.... The home has since been treated and comes with a one year warranty. The home sits on a concrete slab and the attic was damage free. However, how can we truly know what the extent of the termite damage is? 

Has anyone else had experience flipping a home with previous termite damage? How did it affect your ARV? I will have to disclose this now to the next owner. The numbers look solid but I'm a little worried I will be left pissing in the wind when it comes time to sell the house. Any help is much appreciated!

Thanks, 

Art

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