Most termite inspections in Arkansas are triggered by
the sale of a home
because in most cases lenders, particularly with VA loans and FHA loans require the home pass a termite inspection.
How much does a termite inspection cost in Arkansas?
Termite & Pest Inspection Cost
A termite inspection will average
about $100
and range anywhere from $50 to $280. This inspection is usually free when not tied to a home sale.
Do all lenders require a termite inspection?
Homeowners are typically required to have termite inspections at the discretion of their insurance providers or lenders. Insurance providers — When most people purchase houses, they go through a lender. … But even if they don’t require homeowner’s insurance,
most lenders still require inspections
.
Which states require a termite inspection?
- Alabama.
- Arkansas.
- Arizona.
- California.
- Florida.
- Louisiana.
- Mississippi.
- Oklahoma.
Is a termite policy required in Arkansas?
There is a common misconception in Arkansas that it is state law to have a termite control contract in place to either sell or buy a home, but this is untrue. However,
a contract is usually required by most mortgage companies before
they will provide a loan to a homebuyer in Arkansas.
Are termites a big problem in Arkansas?
Termites are the major wood-destroying structural pests in the southern United States. … In Arkansas, our main problem is
with subterranean termites
. Termites are “social insects“, i.e., they live in a nest or colony which is typically found underground, often near a tree, stump, wood pile or other source of ‘food’.
How does a termite contract work?
A termite bond is a warranty between you and a termite company, a little like a maintenance contract. …
An agreement to provide treatment and control if termites are discovered
. These services are usually covered by a bond, so the homeowner doesn’t have to pay any extra.
Who pays for termite inspection buyer or seller?
If a termite inspection is being conducted as part of a real estate transaction, there is usually cost associated because the inspection covers other wood-destroying insects. Typically,
the seller will cover any costs associated with the
service.
How many years does a termite treatment last?
On average, termite treatment lasts
about 5 years
. Liquid termite treatment can last five years or more, whereas termite bait stations only last one year and need to be maintained annually.
Do you have to have a termite contract to sell a house in Arkansas?
The state does not require you to have termite coverage in order to
sell your house. However, most lending institutions do require a 12 month termite contract to provide a loan.
Do appraisers look for termites?
A home appraisal is needed for FHA loans and
the appraiser is required to look for termites
and report signs of damage. When evidence is seen, you must get a professional inspection, and repairs must be done before the loan is approved. Homebuyers generally pay for these appraisals and inspections.
Will a bank finance a house with termites?
Homebuyers seeking financing, however, may have difficulty buying a property with termite damage. Mortgage lenders often require homes to be free and clear of wood-destroying pests and want any affected components fixed before financing the purchase.
Does FHA check for termites?
A
general termite inspection is included in the general FHA inspection
. However, if a termite specific inspection is needed from a licensed pest control company, then you can expect to pay about $100.
What are signs of termite damage?
Outward signs of termite damage include
buckling wood, swollen floors and ceilings
, areas that appear to be suffering from slight water damage and visible mazes within walls or furniture. Termite infestations also can exude a scent similar to mildew or mold.
What states are termite States?
- Florida.
- California.
- Hawaii.
- Texas.
- Louisiana.
- Mississippi.
- Alabama.
- Georgia.
Does FHA require termite inspection in Maryland?
In most states, including Maryland, there is a termite clause in the Residential Sales Contract, which is negotiable between buyer and seller. However, government loan types like FHA or VA loans
will require proof of a termite inspection within 30 days of settlement
, as a qualification for the loan.
