I. Checklist for Termite & Moisture
□ Know the options for ordering the report and payment
□ Know the Scope of the report and the delivery deadlines
□ Know the difference between treatment and repairs
□ Know the difference between WDI and WDO
□ Know the contractual language
□ Understand the obligations of the seller to remedy issues
□ Counsel sellers on pros and cons of a pre listing inspection
□ Counsel buyers on the pros and cons of an annual warranty plan
II. Action items for Termite & Moisture
a. Establish who will order and who will pay for report
b. USE addendum to add WDO if needed (explain difference)
c. Include outside structures as needed into the scope
d. Determine if home is on a crawl space or slab foundation
e. Inquire about existing warranty plans
f. Inquire about previous treatments
III. Best Practices for Termite & Moisture
a. Educate the buyer and manage expectations
b. Educate the seller and manage expectations
c. I recommend a pre-inspection for listings
d. Look for signs of previous treatment
e. Make sure the termite bill is on the CD!!
IV. You oughta & gotta for Termite & Moisture
a. Look for obvious signs of trouble during showings
b. Standing water, termite tubes in the garage, clogged gutters
c. Listen to the home inspector for warning signs
d. Know the buyer cannot perform/pay for anything with a VA loan
e. Make sure the report is performed within the proper time frame
f. Educate buyers of the shelf life of a report
g. Educate buyers about important maintenance and warranties
V. Pitfallsfor Termite & Moisture
a. when sellers ignore their crawl space and major damage occurs
b. treatment costs and damage repair exceeds the cap amount
c. The inspection company is the same as the repair company
d. Home under warranty is assumed to have no damage
e. Home under warranty with damage the warranty does not cover
VI. Notesfor Termite & Moisture
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VII. Capital Tips from the Pros for Termite & Moisture
Develop good relationships with termite and moisture pros
Learn about the value of having a dehu
Learn about the value of encapsulation
Learn about the value of crawl space fans
Understand the theories about opening and closing vents
Get a second opinion for work
Endeavorous owner can handle moisture barrier issues
