The Insider's Guide To Selling Your Home By Owner- Rocio Fausto I | Page 99

treatment. If you have a dry wood or boring beetle infestation,
then your home may have to be "tented." This can run over
$1000.
*DAMAGE: If damage is indicated, then the lender or
buyer may need to examine the damage before repairs are
performed. This is their right. If repairs exceed your liability, you
have the right to cancel the deal; however, you will still need to
do the repairs for the next buyer and all negative reports must be
disclosed to all future potential buyers. This is the law.
*WOOD ROT: If the property is cited for wood decay; and
expect this to happen in at least 50% of all deals, then the lender
will either require that the repairs be done, or they may send out
an inspector to determine whether the wood decay has caused any
structural damage.
If the inspection determines the wood rot to be cosmetic
only, then you may not have to do anything about it. Most wood
decay problems are not very expensive to correct.
After treatment and/or repairs are done, the lender may
require another inspection by the pest company or by their own
inspector.
11. Moving logistics: If you have not done so already
within the last 10 days before the scheduled closing date, you
should notify your power company, phone company, gas
company, cable company and any other utilities you might have
that you will be terminating service for the day of closing.
If you are moving out before the closing date, leave your
utilities on until the day of closing. This is important in case
repairs are required, pest treatment, and for final inspections and
walk through.
You should also cancel any other services associated with
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