Do You Have to Disclose Termites to Potential Buyers?
WouterTermite infestations are a leading cause of property damage in the United States. There are laws on the books that require sellers to disclose these damages to potential buyers. This information can save the buyer from future lawsuits.
The disclosure of termite activity is not mandatory in most states. However, you should consider it. It may not only increase your sale price, it could also speed up the process. It is also a good practice to find a qualified termite inspector.
Most states have specific rules on what is considered a disclosure. Some states require only that sellers provide the name of a specific termite problem. Others require that sellers disclose any known defects. You should ask your real estate agent about the details of your state’s disclosure laws.
The standard home seller’s disclosure form in Texas consists of a few key areas. It is governed by the state’s Property Code. These include the type of damage, the location of the damage, and how it was treated.
The most important part of the disclosure is the history of termites in the house. It is best to have a professional examine your house for termites before listing it. There is a checklist from Orkin that will help you identify the most likely signs of a termite infestation.
Another disclosure you should consider is the safety of your home. The Alabama Real Estate Commission requires that home buyers be informed about any possible safety hazards.
