Termite Inspections

Years ago, almost all, if not all, lenders required clean termite inspection reports for a property to proceed to settlement. These days, since it is not uncommon for the lender not to require a clean termite inspection report, the termite inspection is not as matter-of-fact as it used to be and is sometimes omitted, even though the buyer was entitled to have one performed. Buyers should be aware of whatever provisions are in their purchase contract, regardless of whether or not the lender requires a termite inspection. The Termite Inspection paragraph of the commonly used Regional Contract in the Maryland, DC and Virginia area offers protections for the buyer in case of termite infestation and/or damage.