So I purchased a house for $435,000 subject to P&B inspection and finance approval.
Attended the inspection today with the P&B guys. Building is structurally sound, only minor things found. No biggie. But the pest guy said that there is active termite damage to one corner of the dining room, the area which is lower to the ground (the land slopes slightly). He said it'd cost $3250 to chemically treat the termites, guaranteed for 7 years. Then I have to pay $250 annually for them to come out to inspect the area.
If I pay for the chemical treatment, how long does it last? Will the termites come back?
I'm still keen on the house despite the termites, so the obvious thing would be to renegotiate the price down. By how much though?
Any help appreciated.
Attended the inspection today with the P&B guys. Building is structurally sound, only minor things found. No biggie. But the pest guy said that there is active termite damage to one corner of the dining room, the area which is lower to the ground (the land slopes slightly). He said it'd cost $3250 to chemically treat the termites, guaranteed for 7 years. Then I have to pay $250 annually for them to come out to inspect the area.
If I pay for the chemical treatment, how long does it last? Will the termites come back?
I'm still keen on the house despite the termites, so the obvious thing would be to renegotiate the price down. By how much though?
Any help appreciated.