Wood-Destroying Insects termites or other wood destroying organisms infest thousands of homes.

Mortgage lenders in New Jersey require the home purchaser to have the home inspected by a reputable exterminating company, to determine if there is any damage caused or infestation by termites or other wood destroying insects. Usually, the Buyer will pay for this inspection. The contract for sale will state that the report will be furnished to the Seller a specified number of days (usually ten days) prior to settlement.

If infestation is found, the seller, at the Sellers expenses, shall have the infestation treated and have repaired or replaced any wood, which is deemed unserviceable. Treatment and/or repairs of the damage must be completed before settlement.

Usually, in the contract, there is a limit (around $1,500) for the cost of treatment and repairs. If the cost is above the stated amount, the Seller has the option to cancel the contract. However, the bugs belong to the seller, and under disclosure laws, the seller is required to disclose any infestation or damage to any future Buyer.

As REALTORS®, we have seen many homes that have had termite damage; one or two homes we have seen had damage up into the second floor. Costs of repair can be up to fifty or sixty thousand dollars. Your home is the largest single investment you will make. Make sure you protect this investment by having periodic inspections by a reputable exterminating company.

If you need help in finding a Termite Specialist, contact us by email or give us a call.

Bart Erickson - The HouseJeanie Team