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Most home purchase agreements have clauses that deal with termites. After the agreement is ratified, a termite inspection is arranged. Before the closing can occur, the sellers must be able to produce papers signed by a licensed exterminator stating that the house is free of infestation and that any termite damage has been repaired.
Before you sign an agreement to buy or sell a home, you should read the termite clause and be sure that you understand it. Who selects the exterminator and pays for the inspection? If bugs are found, who pays for the treatment? Are the sellers obligated to repair any damage and have they placed a limit of the dollar amount they will spend on those repairs? If treatment is required, the buyers may want a chance to discuss the options with the pest control company, especially if someone in the family is sensitive to the chemicals used to control the termites. Ask about the exterminator's guarantees or service contract options.
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| Q |
What are three of the best indicators of real estate market trends?
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| A |
Existing home sales, new home building and mortgage interest rates.
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 See More Real Estate Trivia > |
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Steve Koffman & Associates
Century 21 Sunbelt, Inc.
506 SW 47th Terrace
Cape Coral, FL 33914
Toll Free: 800-742-5169, ext 132
Local Phone: 239-443-2463
Fax: 239-443-2486
Email: Koffman@NUMBER1EXPERT.com
Steve Koffman & Associates is the top Century 21 Team in Florida. Steve Koffman, broker/realtor, has 15 years of experience in Cape Coral and Lee County. Century 21 Sunbelt is the top brokerage in America. The team of Steve Koffman & Associates consists of 30 real estate professionals, each very successful and experienced in all aspects of real estate. The team has built its success on satisfied and repeat customers.  
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