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Updated about 9 years ago on . Most recent reply

User Stats

16
Posts
1
Votes
Joseph Bergman
  • Investor
  • Bourbonnais, IL
1
Votes |
16
Posts

termite damage

Joseph Bergman
  • Investor
  • Bourbonnais, IL
Posted

I'm in the process of buying a single family house with a tentative closing of 08/31. During the termite inspection they found old trails with no live termites in the garage. The seller will have to pay $1500 for the treatment and I was thinking of lowering my offer $2500 for any unforeseen damages. Does this sound reasonable? Any other advise? I plan on flipping the house but I may keep as a rental.

Most Popular Reply

Account Closed
  • Western Suburbs, IL
16
Votes |
58
Posts
Account Closed
  • Western Suburbs, IL
Replied

I've always wondered how termite damage or previous termite activity affects resale value down the line. Even if you repair everything and have an inspection report from a local pest treatment company. Potential buyers are still turned off by this. It's almost like trying to sell a car with a rebuilt title.

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