What's a TIR when I'm selling my Maui home?

By
Real Estate Agent with Hawai'i Life Real Estate Brokers HRE# 58089 - RS

What's a TIR when I'm selling my Maui home?

old old home on Maui

Buying and selling a home can be confusing when you don't know the terms that get tossed out casually by the Realtors and other real estate professionals.  If you ever wondered what a TIR is, let me explain.  TIR stands for Termite Inspection Report, and it's one of the steps we go through when selling a residential property in Hawaii.

Yes we have termites in Hawaii, because they love the warm weather too.  Homes made of wood, or with wood trim are susceptible to termite infestation and damage.  Older homes are especially prone to termite damage if they were built without treated lumber.  These days most homes are built with lumber that has been pretreated to repel insects, but you might still find termites in untreated wood that you put around windows or doors perhaps.  Even furniture can harbor termites, though the inspection won't be that thorough!

Section L: In our Hawaii State purchase contract, Section L deals with language about termites and termite reports.  It's customary for the buyer to ask the seller to provide and pay for a TIR before closing.  If the TIR shows evidence of live termite infestation, then it's also customary for the seller to pay for treatment to kill the bugs, usually by way of tenting the home if it's severe, or spot treating if it's minor.  Of course, as with any contract, it's all negotiable, but this is how it's usually done.

The seller is required to disclose whether or not they know of any termite damage.  If the TIR reveals that termites are present, this must be an additional disclosure.

Single family homes and condos will usually require a TIR if a mortgage is being obtained.

Our Hawaii Residential Purchase Contract is currently 13 pages long and I would be happy to go over it with you if you have questions.  

hawaiian tiki face carved of wood

 
Buying or selling a home on Maui?  That's what I do.  Let me help YOU.
 
Call or text me 808 283-0635 ~ EMAIL 
Aloha from Maui... 

ActiveRain blogfacebook profilemy flickr photosget LinkedIn with meYouTube channel for the  MauiHunterTweet with me on TwitterRSS 

Topic:
Home Selling
Location:
Hawaii Maui County
Groups:
Hawaii's Home Brokers
Hawaii Real Estate Professionals
Dedicated Bloggers
Advice for Sellers
Real Estate Questions & Answers
Tags:
tent
whats a tir when im selling my maui home
section l of hawaii state purchase contract
termite inspection report
evidence of termites

Spam prevention
Show All Comments
Rainmaker
1,248,513
Alan Kirkpatrick
Austin Texas Homes - Round Rock, TX
Alan in Austin

Georgina:

Very nice post with great information. Hope you have a great week. 

Mar 26, 2013 02:08 PM #1
Ambassador
3,041,051
Paul S. Henderson, REALTORĀ®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

When I lived on a Oahu, the house next to ours burn down. We had never seen any bugs whatsoever. But when the house burned down we saw thousands and thousands of termites invade our home. That inspection report is essential! 

Mar 27, 2013 02:37 AM #3
Rainer
387,459
Doug Anderson
Tucker Associates Real Estate Services - Danville, CA
Bay Area Real Estate Views

Gerogina...sometimes we forget that the venacular we use is foreign (like termites in houses) to those we represent. Great piece and I work everyday to make sure I explain things in a way that that makes sense to to buyers and sellers. In most cases I certainly do not know the lingo they utilize in their chosen professions.

Mar 28, 2013 01:55 PM #4
Ambassador
2,076,948
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Great information. We call them WDO reports (wood destroying organism).

Mar 29, 2013 07:59 AM #5
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
1,459,128

Georgie Hunter R(S) 58089

Maui Real Estate sales and lifestyle info
How can I help you?
*
*
*
*
Spam prevention