In 2005 and 2006 I bought three homes in Alabama. Coming from the Denver Desert, I'd had no experience with termites (or fleas, for that matter, but today we're talking about termites) - so when one of the homes I bought featured a "termite bond" I was unimpressed. The other two homes did not have that particular feature, so I didn't think much about it.
The following year I got a bill to renew my termite bond, and I did. Ditto every year after that, although every year I debated whether it was a good use of my $220. I asked a few local real estate agents for their opinions, and from their vague responses I got the impression they really didn't know either whether or not the Bond was worth the ongoing investment.
So, I'm asking my Active Rain friends... is a Termite Bond something I should be proud of, excited about and happy to pay for every year? Or is it just a bit of a scam designed to scare me out of $220 every March?
Thanks for your thoughts!