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Updated about 9 years ago,
Possible Termite Damage!!!
I have my first appointment this Friday and I am super excited (but playing it cool). When I spoke with the seller he told me he received the property in probate. It belonged to his recently deceased mother. He says the only thing that needs repairs is the driveway. He has a pending verbal offer of $59,000, but the person is not returning his calls. The ARV is between 75,000 - 85,000 so I'm thinking I need to get him down on price some more. Here is the scary part! When we were talking he mentioned that the buyer with the pending offer asked for a termite report and Mr. seller seemed unwilling to provide one. Should I be concerned? Is this already a deal I should stay away from? Termites seem pretty serious. I have never had experience with them before, but I know the type of damage they can do to a house if untreated for a long time. The other potential buyer is the next door neighbor. Maybe he knows something I don't and that why he isn't returning the sellers calls.
Come on BP Family! I need you all expertise!