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All About Pest Inspections

All About Pest Inspections



So, you've located your dream home, placed an offer and it has been accepted. Amid opening escrow, making an earnest deposit and filling out various disclosures and instructions with your agent, lender and the escrow company you are also tasked with getting a pest inspection per lenders requirements. This can be paid for by either the buyer or the seller (everything is negotiable in real estate.) In previous years for a VA loan it was required that the seller paid for the inspection, that requirement is no longer effective as of 2018.
So what is a pest inspection you might ask? The answer can be totally confusing. I get it. The term "pest" typically refers to a small rodent, an army of ants, termites, etc.......... none of which you noticed while originally touring the property. So why fork out the money for for this particular inspection? The answers are fairly simple. First off, the lender requires it to protect their interest in the property. …

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