House with termite damage - how to still move forward?

[Danielle Fraser]

Hello all,

We have our first house under contract. It is located in Mount pleasant and we got it offered at a great price. 

The house has a older roof and AC but we factored that in with the offer.

During the CL100 we identified some termite damage. There is a life oak and where the leaves and miss fell a small leak, and apparently there the termites came in.

The house is 60k under market value and we love the location, neighborhood, yard, floorplan, etc... And really hope to make it work. 

The damage was only spotted in the frog.

We had a contactor there and he estimated the damage at 17-25k but could be much more once you open the sheetrock and see how far the damage goes.

There was a TV moved in front of the storage door. So the owner obviously knew... But had it not disclosed. He wants to fix it on his dime. We got the quote from the contractor 3k maybe more depending when what he finds when he opens the wall. He also wants to get a termite bond from the same small company, 800$ for that.

Bigger company offered me 1700 for initial treatment + 200 for the repair bond.

Repair starts Monday. I don’t know if I can go there, what to look for? How to make sure it’s done right? I just don’t know if it’s worth the risk? But we love the house...

Any help is appreciated 

Danielle