When it comes to real estate transactions, few situations can make a deal fall apart faster than the discovery of a termite problem. However, a termite infestation is treatable and can be remedied. After that, damage can be repaired and the home will appear as though nothing ever happened.
But of course, buyers will be wary if a home has suffered a recent or even past termite invasion. They might want to know the odds of the problem recurring, and wonder how often the home should be re-treated.
The first thing to remember is that termite treatments are not necessary unless an infestation has been spotted. However, all homes should be inspected each year, for signs of termites and other pests. So, regardless of any particular home’s history, these yearly inspections are important. Then, treatments at the first sign of a problem can eradicate the pests.
If a home has suffered a termite infestation, and has been treated for it, it is unlikely that the problem will recur in the near future. Most termite treatments can last between six and thirteen years. But, because there is always a chance of a recurrence, a termite bond can be incredibly valuable to homeowners and prospective buyers.
After the initial treatment, a termite bond works in a similar fashion to a warranty. The contract stipulates that the pest control company will provide yearly or even quarterly inspections for the length of the agreement. In the event of a re-infestation, the bond provides for the necessary treatment at no additional charge to the homeowner.
It’s easy to see how a termite bond would offer reassurance to prospective homeowners, but there’s one caveat: The bond must be transferable! Some are, while others are not, so it is important to discuss this issue with the pest control company before signing an agreement.
For more information on termite treatments and termite bonds, give us a call. We can help you or your clients address their concerns, and provide peace of mind that their home investment is protected.