Home Inspection found termite damage in floor joists. Should I walk away?

[BoBromhal]

Disclosure laws vary widely.

in NC, previously treated termite damage that has been treated is NOT a disclosure-required item.

[MikeJaquish]

Originally Posted by BoBromhal

Disclosure laws vary widely.

in NC, previously treated termite damage that has been treated is NOT a disclosure-required item.

Right.

I would add, most termite infestations are of almost no consequence structurally.
Emotions too often derail common sense when someone says "Termites."

[SmartMoney]

Originally Posted by MikeJaquish

Right.

I would add, most termite infestations are of almost no consequence structurally.
Emotions too often derail common sense when someone says "Termites."

I've seen the same, it takes a major infestation to do a house in.

My gut says run from the deal just from the description of the creepy listing agent.

[davecj]

If you're financing the purchase, will the lender require this to be remediated? It's happened to me in the past with foreclosures- it's not a huge issue to fix and fairly simple but it is still something to think about.

[FalconheadWest]

First, it sounds like the listing agent is getting in the way, not the seller. If you want to ask for repairs, whatever you submit in writing, the listing agent will have to submit to the seller. More than likely, the seller doesn't want to see you walk and will work something out.

Second, why didn't you ask the title company for wiring instructions? I work with a lot of relocation buyers and I have them wire their earnest money so checks don't have to be sent or left or anything complicated. Wires are fast and easy. Remember that if you move on to another house.

Third, there is no "customary" earnest money. Everything is negotiable. Maybe the seller had a bad experience last time he sold a house so he wanted a little more. You probably can't put that on the listing agent. Sellers want to cover themselves just like a buyer wants to cover themselves.

Fourth, In Texas, time frames aren't "allowed" so what does it matter you were given more than 5 minutes to make a decision. Putting time frames in an offer or counter is considered practicing law here, so time frames are ignored when put in, which is very seldom, usually a new agent who doesn't know better. It shouldn't take 19 hours much less 24 hours to make a decision for a response. You should know going into your initial offer what you'll accept and what you won't and how you'll respond to a seller's response. You don't offer willy-nilly and not expect counter responses.

Bottom line, as I said in my original response to you, why would you walk without asking?

[Rakin]

Originally Posted by MikeJaquish

Emotions too often derail common sense when someone says "Termites."

Termites and "Mold".