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Termite problem can derail a property purchase

Camille Landry posted this on Aug 3, 2016

A termite infestation is among the most feared pest-related issues that can worry a homeowner. They are notorious for causing extensive structural damage—damage that can be expensive and time-consuming to repair.

And while a termite problem can be a huge issue for someone currently living in a home, it can also be a major concern for someone who is considering buying a property (or, from the opposite perspective, a seller hoping to attract a buyer interested in the property).

Many lenders require a termite inspection prior to approving a mortgage or other real estate loan, and a negative report is often a deal-killer. But even if your lender isn’t pushing the issue, you should enlist an inspection on your own before committing to buy a property.

The risk of termite damage and the related expense is such a major concern that the Your Investment Property site lists it as one of the top five worst property problems, and advises investors to walk away from any property with a termite issue.

The good news is, if you have a property with a termite issue (or are just worried about that possibility), you have your choice of many do-it-yourself termite products that can solve this problem for you.

Review the termite control products available at Solutions Stores.

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