Selling a house with termite history may present a serious challenge if you’re set on the traditional real estate market. People shy away from these homes, citing concerns about structural damage or future infestations. Going through the normal selling process also requires proper disclosure, a lot of detailed documentation, and the right approach – all of which cost you time and money.
Why bother with fruitless searches like “sell a house fast in Detroit?” We’re here to confirm that you have a speedy, stress-free alternative to selling a house nobody wants to buy!
Below, Wise Property Buyers explains what you need to know about selling a property with a past termite issue. The company buys these types of properties and pays you cash at closing.
Understanding Property Disclosure Requirements in Michigan
Mandatory legal considerations apply when selling a house with a history of termites. For example, Michigan law requires sellers of residential real estate to provide a formal property disclosure. You’d explicitly state any known past or present pest infestations.
Unless a buyer waives the requirement, that legal requirement means you must provide accurate information about previous termite problems. You’ll also detail the treatment history and any repairs that you have made after eradicating the termites. Inaccurate or incomplete disclosure can spark civil lawsuits from your buyers, so there’s no getting around it.
Realtors and Financiers Require Pest Inspections
Did you know that many realtors won’t even accept a listing before you schedule a professional pest inspection? Buyers want peace of mind and evidence that the property is completely cleared of termite-related issues.
When selling a house with termite history, virtually every lender that funds a real estate purchase will demand the same. Without a clear report from a licensed pest control company, they may not agree to the purchase at all.
Documenting Termite Treatment and Repairs Takes Work
Even with a current termite report, many buyers will insist on historic treatment records as proof that qualified professionals have provided treatments. Typically, you’ll need details of extermination methods, treatment dates, and warranties that are in effect.
Did your property sustain structural damage from termites? Your potential buyer may demand repair estimates, too. Lacking documentation of completed repairs impacts price negotiations.
Proactively Addressing Buyer Concerns May Help
Got termites? Expect realtors and buyers to make specific demands. You may want to consider the following:
- Offer a termite warranty if available.
- Deliver inspection and treatment records.
- Lower your price to reflect past damage or necessary repairs.
- Give them a licensed contractor’s repair estimate for the cost of the remaining work.
If that sounds tedious and you’re in Michigan, consider selling as-is to Wise Property Buyers.
Avoid Delays and Headaches Through an As-Is Sale for Cash to Wise Property Buyers
Selling a house with termite history needn’t be time-consuming or costly. If you need to sell quickly or don’t want to deal with extensive negotiations, bypass listing with a real estate agent.
Wise Property Buyers makes selling a house as-is simple with:
- Fast closing on your schedule
- Zero repairs or disclosures
- No agent fees or commissions
For a fair, no-obligation cash offer, call (313) 513-8824!