🚀 go-pugleaf

Email Invalid said on 3/19/2004 10:49 PM:

>I am currently under contract to purchase a home in Chandler, Arizona.
>According to my agent, the just released termite report shows that
>there is some termite activity. I'll get a copy soon and also the
>agent suggested I talk to the inspector to determine the extent of the
>termite issue.
>
>At this time I do not know the extent of the activity and if there is
>any damage to speak of but this situations is of course somewhat
>"disturbing".
>
>My main areas of concern are:
>1. The extent of the termite activity and any damage
>2. The effect this will have on resale value (if the problem is
>treated but this fact were disclosed to future buyers as would be
>required)
>
>The contract stipulates that the seller must pay for the treatment.
>But I also wonder if I should ask for a reduced price for the possible
>value lowering effect due to this factor.
>
>I am a first time buyer and not all that knowledgeable about the
>extent of termite problems in Chandler. I'd prefer if termites
>activity wasn't found but then again this could be quite common and
>inevitable in Chandler.
>
>I feel a bit uneasy about buying a property that isn't termite free
>but on the other hand it might be common enough that a record of
>termites isn't going to be that big of a deal down the line when it
>comes time to sell.
>
>Does anyone have any advice or suggestions as to what I should do or
>how much of an issue this is?
>
>Thanks for any help!
>  
>
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Not sure about Arizona real estate law but the revelation of termites 
CAN  be grounds to void the contract. Usually the seller has a termite 
inspection before going on the market. If they sold you the home WITHOUT 
revealing the termites you can probably void the contract.