Determining responsibility for the cost of a pre-purchase wood-destroying insect inspection is a key element of real estate transactions. Typically, negotiations between the involved parties dictate which side covers this expense. A clear agreement documented in the sales contract helps prevent misunderstandings and ensures a smooth closing process. For instance, in some markets, it’s customary for the seller to pay, while in others, the buyer assumes this cost. Sometimes, the responsibility is shared.
This inspection safeguards both buyers and sellers. For buyers, it reveals potential structural issues and associated repair costs, allowing them to make informed decisions about the property. For sellers, addressing potential problems proactively can expedite the sale and avoid later price negotiations. Historically, practices have varied widely by region and local custom, and the increasing awareness of pest-related risks has led to greater emphasis on these inspections.
