TERMITES FOUND DURING INSPECTION. IT'S A DEAL KILLER RIGHT?

[Abad Marroquin]

I found termites while checking the foundation of the property. I found it in three different spots each 5 feet apart in the beans. I told the agent that I wanted to walk out of the deal because of this. When termites are found, is there still a possibility to get a deal? I wonder if someone has ever dealt with termites problems. The seller seemed willing to renegotiate the deal. The purchase price we had agreed on was $50k. I said I was not longer interested in the property. The agent told me to make an offer that I thought would be worth it. The only thing I said was that if I would buy the property, it was going to be for the lot. Lots in this area are around $15k. I offered $10k because I had to get rid of the old termite infested property. I did not hear back from the agent. I wonder what other people would have done. 

[Mike Cumbie]

Just because I saw a couple termites or holes I wouldn't kill the deal myself. If I was interested in the property I would have had a pest guy come out and give me an evaluation and quote. Then at least you will know if the place is a wreck about to fall or if a pest guy comes back with a $900 quote and you can get the place now for $45,000 you just made an additional $4,100 on this deal. 

Just my 2 cents and good luck