Purchasing real estate is a major decision that can come with many benefits, but it can also come with some repercussions if you don’t do your due diligence before signing on the dotted line. Whether you are buying a house or a commercial building, it’s important to arrange for the proper inspections before closing, and these include a real estate termite inspection.
Getting a real estate termite inspection is a good idea for several key reasons:
- It can give you an easy way out. The last thing you want is to be stuck with a home or building that isn’t what you thought it was. That’s why most contracts have a contingency clause that allows you to back out of a sale if significant or undisclosed issues are present, such as termite damage. A real estate termite inspection protects you from investing your money in a property without knowing the full picture.
- It can help you negotiate. If a real estate termite inspection uncovers a termite problem, you may not necessarily feel the need to back out of the deal altogether. However, it can give you leverage as you negotiate with the seller to reduce their price or arrange for them to pay for the termite treatment or repairs themselves.
- It helps you anticipate costs. A real estate termite inspection reveals the extent of the problem if there are termites or termite damage present. This information allows you to anticipate how much repairs or termite treatment may cost, so you can determine how much you will need to pay once the property is officially yours.