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Termite inspection shows that fumigation is required but no termite company wants to take liability of repair of wood rot dry rot. Too much work they said. Will my house be able to sell to a buyer and will their lender approve of this? Or must it be an all cash offer only?

4 Thoughts on I have a house for sale and I want to sell it as is. I am disclosing the fact that there are termites.?
  1. Reply
    Kathy Carpenter
    November 13, 2011 at 11:20 am

    Well people who can buy houses with cash are not going to buy a termite infected house either. I think your main issue is to get ride of the termites and then have repairs done by a contractor.

  2. Reply
    Let me steer you
    November 13, 2011 at 11:45 am

    A lender will not approve a loan for a house in that condition. You would need to find an investor who can pay you cash. Don’t expect to get too much. And if it’s not in a good neighborhood, you might have problems getting an offer at all.

  3. Reply
    November 13, 2011 at 11:49 am

    Check your local law to see if the fumigating company is actually required to take on the responsibility. If not, have it fumigated and sell with a building report details structural repairs required.

    If otherwise, a company will always take on a risk if the price is right. Find out what you need to pay them.

    Failing that, bulldoze it, clear the lot and sell for land value.

  4. Reply
    November 13, 2011 at 12:18 pm

    I know that when my husband and I purchased our house, we needed to have a termite inspection and were required to have a certificate stating there were no termites. No bank will approve a mortgage on a house infested with termites.

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