Both buyers and sellers of real estate in the south have legal obligations pursuant to mandatory and optional disclosures. If a seller fails to disclose certain defects in the property, such as termite infestation, the buyer may end up spending thousands of dollars to remedy the infestation and repair any structural damage to the property. Termite bonds and letters can help buyers avoid significant expenses down the road.
Termite bonds and letters
Once a potential home buyer has their offer accepted, they should hire a certified inspector to verify there is no termite infestation on the property. Termite letters (Called Wood Infestation Inspection Reports in Alabama, and WDO reports in other states) can essentially certify that the property was termite-free when it was inspected. Often the Seller arranges for the inspection to be performed, but it is always smart to arrange the inspection by your own inspector before closing.
Protect your home from termite infestation damages
When buying a new home, it is easy to focus solely on the external features and aesthetics of the property. However, it is very important that you as a homebuyer ensure that the internal structure is intact. Overall, a prudent purchaser will spend a small amount of money to have the property inspected for termites, to potentially save thousands long-term and avoid having to cure defects in their new home. However, if you do have termite damage due to a failure to disclose, a termite litigation attorney in your area can help file a claim to recover damages.