While selling a house with termite damage is possible, the truth is that it can become a much more complicated process. Termite damage tends to be a red flag for potential homebuyers since it can be a costly problem, both to deal with the termites and to rectify the damage caused by these pests. This can affect both how quickly the sale of your house goes through as well as how much money you get for it.
So what can you do to preserve your termite-damaged house value? Continue reading for our tips on selling a house with termite history.
Is It Illegal to Sell a House With Termites?
First things first: no, it is not illegal to sell a house with termites or termite damage. If the house has not been treated or still has damage though, it can result in a much lower offer from a standard buyer.
Do You Have to Disclose Termites When Selling a House?
Yes, you are required by law to disclose termites and termite damage when selling a house. The specific requirements vary by state and local laws, but generally, a disclosure form that provides details about a property’s condition must be provided to potential buyers. Property sellers who conceal such information can be sued, and selling the property “as-is” typically does not exempt sellers from these disclosure rules.
In Texas, the seller’s disclosure form requires property sellers to disclose all termite activity. This includes whether or not there are active termites still in the property, if there is wood rot damage from termites that needs repair, whether there has been previous termite damage, and whether the property has received last termite treatment.
Selling a House With Old Termite Damage
If you have termite house damage in a home you’re trying to sell; you’re probably wondering: is it hard to sell a house that has had termites? While selling a house with termite damage can be complicated, there are a few steps you can take to make the transaction easier.
- Get rid of the termites if possible
- After treatment, have the house re-inspected
- Take preventative measures to keep the house termite-free
- Get a termite warranty
- If unable to treat the termites, consider selling the house as-is
Get Rid of the Termites
If you want to raise a termite-damaged house’s value, the first step is to have the termites removed. While this may sound like a daunting task, you’re not alone. Roughly $2 billion is spent by homeowners each year to treat termite damage. The cost of your termite treatment will depend on the size of the property and the amount of infestation, and more advanced extermination will end up costing more money.
Once treated, you may also wish to repair the damage left behind. This can be frustrating for sellers, as it may feel like dumping money into an investment that you’re ultimately just going to sell. However, if you wish to get a higher value for the home, repairing extensive damage beforehand can go a long way in attracting buyers willing to pay more.
Get the House Re-Inspected
Remember that if you’re selling a house with termite history in Texas, you’re required to disclose whether or not there are active termites. Once you’ve had the house treated, you no longer have “active” termites, so make sure to get your home re-inspected to receive a written report that reflects this.
Prevent Future Termite Damage
If you’ve paid to treat, repair termite house damage, and have your home re-inspected, taking preventative measures to prevent future termite damage is crucial. Typically, your exterminator should have installed some preventive measures, but it’s up to you to make sure your house is protected.
Install mesh screens on any external vents or holes, get your home treated for subterranean termites, and fix any cracks so that termites cannot get back inside the house. Every break and gap is somewhere termites could enter, so make your house as unwelcoming as possible for termites and other pests by sealing potential entrances.
Get a Warranty
Purchasing a termite warranty from a pest control company is a great way to increase trust in potential buyers. In addition, these warranties ensure that if termites return to the property, the pest control company will treat the home again for no charge.
The most important part of the warranty is that it remains after you sell the home, so make sure to have this stipulation built into the termite warranty or ensure the ability to transfer the warranty to the new homeowner.
Sell the House As-Is
If you don’t want to deal with potential complications surrounding termite damage repair and house resale, consider selling the property “as-is” instead. Of course, you’re still required to disclose any termite activity you’re aware of, but selling as-is to a cash buyer or investor is a viable way to ensure you still get a good value for your house.
For many investors, termite damage in a house doesn’t jeopardize a property purchase. Instead, they’ll provide a fair cash offer that allows you to close on the deal quickly, and the best part about this method is that you won’t have to deal with any of the treatment or repairs yourself.
Want an Easier Way to Sell Your Termite-Damaged Home Fast?
As you can see from this article, selling a house with termites can make the process much more difficult and costly. So if you’re selling a house with termite damage, you’re probably looking for an easier solution to finding a buyer.
What is that solution? It’s simple: sell to a reliable cash home buyer like Big Buck Home Buyers. We take the stress of selling a damaged home off your shoulders with a fair and fast cash offer for homeowners all around Texas.
Whether your house has active termites or old termite damage, we can work with you to sell your Texas house fast with no hidden fees, agents, or repair costs. Contact our team today to see what we can offer you!
At Big Buck Home Buyers we want you to feel a huge sense of relief after working with us. Listening to and understanding the challenges you are facing with your property allow us to create the best solution for YOUR circumstance. In some cases, the services we provide may not be the right fit for the property owner. In such a case, we will connect you with someone who can meet your needs. Regardless, Big Buck Home Buyers wants to provide a service to every individual we talk to whether that be buying their house, referring to another professional or simply offering some guidance based on common scenarios.
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