InspectorGeneral
Home Inspections
A Section 1 clearance pertains to correcting conditions present in the structure which constitute actual wood damage or termite infestation. These items usually include eradicating drywood and subterranean termite infestations and replacing wood damaged by either termites or dry rot. Lenders usually do not require Section 2 clearances, which are those conditions present that are likely to lead to infestation or damage. It is normally the responsibility of the seller or homeowner to have their termite problem taken care of. Nonetheless, it is smart to have a company unrelated to a seller’s agent independently inspect for termites and damage to ensure the objectivity of recommendations that need to be satisfied.
TERMITE INSPECTIONS
NO INSPECTION FEE!
- $75 PAID THROUGH ESCROW. REPORT ISSUED TO TITLE COMPANY WITHIN 24 HOURS.
- ANY INFESTATION IS IN THE REPORT AND THE COST TO TREAT IT.
COST
Obtaining a termite clearance on a home before the close of escrow is a typical requirement set forth by a borrower’s lender before a loan is funded. When lenders require termite clearances, they require what is known as a “Section 1″ clearance.
Examples of termite damage
Home Sellers Are Responsible For Termite Damage
Left untreated, termites can literally eat up the equity in your home. According to the National Pest Management Association, termites cost Americans more than $5 billion in damages each year. That is more than fire and flooding combined, their destruction knows no bounds. To avoid the headache of termites, regularly have your investment inspected for termites. Many homeowners insurance plans will not cover any of the damage.