What's your stance on termite damage?
Listing says "extensive termite damage". How hard (expensive) is something like this? "Run for the hills" or "no big deal"?
Most Popular Reply
It's like any other type of damage / updating. You need to figure out an estimate and add some to it since the damage will be hidden behind the walls.
One of my best deals was a house with termite damage that was fairly extensive that we found during our due diligence period. I put my estimate together and subtracted it from my original offer (about $15,000). I gave the owner the option of having the repairs done by a licensed contractor but they accepted my offer. My contractor did the necessary repairs which only cost me $8000. I won on that one.