Is Termite Inspection Required In Arkansas?

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.