So today's topic, "Should I get a Termite Inspection" for my home purchase? I'm surprised how many buyers are moving forward in their purchase without a Termite Inspection. In the old days many lenders required a termite clearance prior to funding the loan. Today, there are many loan options that don't require it.
I'm also finding many of these "No Termite Inspection Loans" are occurring in low income areas where the properties are in distress, poorly maintained and in serious need of the very inspection and repair that they are being exempted from.
These new low income home buyers will be shocked and devastated when they begin to realize after close of escrow and move-in just what repair costs they're going to face. Termite Inspections, Wood Destroying Organisms Report, Structural Pest Control Report or whatever they're called in your part of the country. Don't purchase a home without one!
Remember, always use licensed contractors when working on your property, pull
those permits when required and when in doubt, error on the side of
safety.
Call us today - we perform home and commercial inspections
throughout Southern California including Laguna Niguel, Dana Point, Irvine, San Clemente,
Mission Viejo, Aliso Viejo and a community near you!
www.progressiveinspection.com
Wednesday, March 26, 2014
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1 comment:
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