Selling a house with a history of termite damage is possible, but it requires disclosure of known issues in accordance with state laws. Sellers must prepare necessary documentation, including pest inspection reports and treatment records. A lower sale price is typical, influenced by buyer attitudes and the severity of previous damage. Transferrable warranties or prepaid inspections can mitigate potential losses. Legal repercussions apply for failing to disclose, emphasizing the importance of transparency during the sales process.
In most states, you're legally required to disclose known termite damage and infestations, which includes details about the infestation and treatment methods used.
Expect to sell for less than comparable homes if your property has a history of termite damage.
Documentation is crucial: sellers must provide pest inspection reports, treatment contracts, and structural repair receipts to support their disclosures.
Failing to disclose termite history can lead to legal consequences, including lawsuits for fraud, sale reversals, or costly penalties.
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