Home Improvement
Termite Inspections, Reports and Work - Who is Responsible?
May 21st, 2008 Categories: Bel Air - Holmby Hills, Beverly Hills - BHPO, Brentwood, Buying Real Estate, Cheviot Hills - Rancho Park, Culver City, Hollywood Hills, Home Improvement, Home Resources, Inspection Resources, Malibu, Marina Del Rey - Venice, Pacific Palisades, Real Estate, Real Estate News, Santa Monica, Selling Real Estate, Sherman Oaks - Studio City, West Hollywood, Westwood - Century City
So you’re about to buy or sell a house and the subject of termite inspections come up in discussion - usually when the offer is being written and/or presented.
Here is what YOU need to know:
CUSTOMARILY, the Seller is responsible for the inspection, providing the buyer with a termite report, and ultimately a termite clearance at the close escrow. The Seller usually pays for Section I work, and the Buyer can pay for any Section II work needed.
What is “Section I” and “Section II” work?
Section I is any EXISTING termite infestation, damage or wood destroying organisms such as dryrot fungus and the like. This may include local treatment, whole house tenting, and replacement of damaged timber.
Section II is anything found to possibly invite termite infestation or cause wood damage in the future, such as debris in the attic, earth to wood contact, etc.
There are circumstances when the Seller is NOT responsible for all the “termite work”, some examples are:
- When it’s an ALL CASH purchase. The termite clearance is necessary to close escrow because it’s often a condition for funding by the lenders.
- When the property is a TEAR-DOWN. If the intent by the buyer is to bulldoze the property to the ground, no one really cares if there are termites or rotted wood all over the place.
- When the SELLER specifies in the contract they will not do any work, or caps the dollar amount they are willing to pay for work needed. The Buyer then can agree to pick up the difference.
95% of the homes that are sold here in SoCal require some termite clearance action. Homeowners are well advised to maintain a termite treatment regime once a year to keep those buggers away.
Call us anytime for a referral to a reputable company to add to your home vendors list!
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Simple Ways to Space Clear Your Home for the New Year!
January 28th, 2008 Categories: Home Improvement
One thing I believe many of us do intuitively, or instinctively, is to clean up our environments (why wait until Spring?) at the new year- our closets, office, car and especially our HOME - so we can start off the new year with a sparkling clean slate, ready to embrace our ambitious resolutions, projects and tie up those loose ends from last year.
In other words, we Space Clear.
There are many sites and books written in serious Feng-shui language about the importance and specifics of Space Clearing. Is it simply “de-cluttering” the house and dusting off that top shelf? That’s at least a start. Since your home is a representation in a larger physical space of you and your life - wouldn’t it make sense then to keep the positive, auspicious, abundant, and by any definition, all the beneficial energies flooowing and not risk stagnation, or worse-negative flow.
Here are a few simple but key ways to make sure your home is a nutritious environment for growth in the direction of Health, Happiness and Prosperity !!
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