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My neighbor is attempting to sell his home which is not under a termite contract

Posted on 3/20/14 at 7:50 am
Posted by Black n Gold
Member since Feb 2009
15409 posts
Posted on 3/20/14 at 7:50 am
Can he do that? I imagine the purchaser's lender is going to require proof of contract.
Posted by hashtag
Comfy, AF
Member since Aug 2005
27481 posts
Posted on 3/20/14 at 7:51 am to
why would the lender require that? does the lender require that it be under a lawn maintenance contract as well? or a contract for fire ants?
Posted by La Place Mike
West Florida Republic
Member since Jan 2004
28813 posts
Posted on 3/20/14 at 7:51 am to
Why couldn't he? A termite contract is not required by the bank.
This post was edited on 3/20/14 at 7:52 am
Posted by Angry Penguin
Pecan Sandwich
Member since Jan 2013
545 posts
Posted on 3/20/14 at 7:52 am to
Sure , if the buyer gets an inspection. Or pays cash.
Posted by Salmon
On the trails
Member since Feb 2008
83579 posts
Posted on 3/20/14 at 7:52 am to
quote:

I imagine the purchaser's lender is going to require proof of contract.


they will just require a termite inspection, not contract
Posted by LSU1018
Baton Rouge
Member since Feb 2007
7222 posts
Posted on 3/20/14 at 7:52 am to
It definitely does not need to be under contract.
Posted by Homesick Tiger
Greenbrier, AR
Member since Nov 2006
54210 posts
Posted on 3/20/14 at 7:53 am to
Here in Ark. I think you just have to have proof that your house is termite free at the time of sale.
Posted by yellowfin
Coastal Bar
Member since May 2006
97641 posts
Posted on 3/20/14 at 7:53 am to
I've never had a contract, it's a ripoff
Posted by Bullfrog
Institutionalized but Unevaluated
Member since Jul 2010
56254 posts
Posted on 3/20/14 at 7:53 am to
No termite contract is required. They will require a certificate from a termite company. If no termites are found, all is good. If termites are found, treatment will be required.
Posted by Homesick Tiger
Greenbrier, AR
Member since Nov 2006
54210 posts
Posted on 3/20/14 at 7:54 am to
quote:

it's a ripoff


All insurance is a ripoff until you need it.
This post was edited on 3/20/14 at 7:55 am
Posted by Black n Gold
Member since Feb 2009
15409 posts
Posted on 3/20/14 at 7:54 am to
quote:

why would the lender require that?


Because we're talking about thousands of dollars of potential damage
Posted by Bullfrog
Institutionalized but Unevaluated
Member since Jul 2010
56254 posts
Posted on 3/20/14 at 7:56 am to
You worry about too much that doesn't affect you.
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167272 posts
Posted on 3/20/14 at 7:57 am to
As long as the Termite inspection passes by a licensed and bonded Pest Control company he doesn't need a contract.
Posted by yellowfin
Coastal Bar
Member since May 2006
97641 posts
Posted on 3/20/14 at 7:57 am to
quote:

All insurance is a ripoff until you need it.



I can't prevent a hurricane with $40 worth of chemical from Home Depot like I can with termites
Posted by Black n Gold
Member since Feb 2009
15409 posts
Posted on 3/20/14 at 7:58 am to
quote:

You worry about too much that doesn't affect you.


I wouldn't call it worry. More like intrigued.
Posted by Black n Gold
Member since Feb 2009
15409 posts
Posted on 3/20/14 at 7:58 am to
quote:

I can't prevent a hurricane with $40 worth of chemical from Home Depot like I can with termites


But it's how they apply it that makes it work.
Posted by Salmon
On the trails
Member since Feb 2008
83579 posts
Posted on 3/20/14 at 7:59 am to
quote:

. More like intrigued.


...why?

the lender will probably want an inspection, so why would he need to be under a contract?
Posted by La Place Mike
West Florida Republic
Member since Jan 2004
28813 posts
Posted on 3/20/14 at 8:00 am to
quote:

Because we're talking about thousands of dollars of potential damage
Does the nouse have termites?

On a side note, why the frick do you care? Get a life.
Posted by Bullfrog
Institutionalized but Unevaluated
Member since Jul 2010
56254 posts
Posted on 3/20/14 at 8:00 am to
Ok. You can cancel yours and save that $200 a year too.

And still sell your house.
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167272 posts
Posted on 3/20/14 at 8:00 am to
quote:

I can't prevent a hurricane with $40 worth of chemical from Home Depot like I can with termites




Even though what you can buy at Home Depot and what a licensed pest control company can buy are two different things, people would be sick if they knew how cheap the chemicals used for a $2000 termite treatment actually cost. Maybe like $400 or so with traps and it's not like it's super labor intensive to put some traps in the ground and spray around the house.
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