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Most home purchase agreements have clauses that deal with termites. After the agreement is ratified, a termite inspection is arranged. Before the closing can occur, the sellers must be able to produce papers signed by a licensed exterminator stating that the house is free of infestation and that any termite damage has been repaired.
Before you sign an agreement to buy or sell a home, you should read the termite clause and be sure that you understand it. Who selects the exterminator and pays for the inspection? If bugs are found, who pays for the treatment? Are the sellers obligated to repair any damage and have they placed a limit of the dollar amount they will spend on those repairs? If treatment is required, the buyers may want a chance to discuss the options with the pest control company, especially if someone in the family is sensitive to the chemicals used to control the termites. Ask about the exterminator's guarantees or service contract options.
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What does the term ARM stand for?
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An ARM is an Adjustable Rate Mortgage, a loan where the interest rate is tied to an economic index that fluctuates with the market. |
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Cristine Clark
Realty Executives
911 Hacienda Drive
Vista CA 92081
CA DRE License # 00675233
Direct Contact: (760) 758-1211
Instant Home Value: 760-519-8723
Fax: 760-940-0359
SellingHomes@CristineClark.com
Instant Home Value: Cristine@CristineClark.com
I've Sold 1 Home Every 3 Days Since 1997!
Cristine Clark has served in the real estate industry for over 30 years and enjoys experience in various aspects of real estate, including: Foreclosures, Short Sales, REO's, Bank Owned Homes, Investment Property sales, New Home sales, Re-sales, Vacant Land Sales, Development Projects and much more!
Choosing a Realtor to represent you in buying or selling a home is a very important decision. You have the right to expect an experienced Realtor that is a negotiating, financing, contracts, and marketing expert. If you are looking to buy or sell a home in North County San Diego, be more informed; ask a professional with a proven track record for their assistance to assure a smooth real estate transaction!
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