Are Termite Bonds worth it?
OK, so first lets just say the termites in Florida are common…finding termites does not mean that the home buyer should automatically nix the house because more then likely every house in Florida will get termites sooner or later.
A termite bond is a termite contract on the house between the owner and a termite company. It is like insurance…if a termite problem is found the company is agreeing to treat the property at no additional charge. But will they?
Most homeowners get a termite bond after a termite problem is found…so our home buyer clients may purchase a house that already has a bond on it.
Is having a termite bond worth it ??
Probably, maybe, or maybe not…
In my 22 years in the Real Estate business of representing only home buyers and witnessing dozens of home inspections that have revealed serious termite issues, I have yet to find a termite company with a bond on the house that REALLY ADMITS TO ANY TERMITE PROPBLEM, at all. They claim its water damage, old damage, or this or that but I have never had any company say “yes, there is a problem and we will fix it.”
I am beginning to think that there is a bonus paid to the termite bond inspector to NOT ADMIT THAT THERE IS A TERMITE PROBLEM…seriously.
For Exclusive Home Buyer Representation with Buyer Agents that care about your termite problems, call Buyers Broker of Florida 407-539-1053