Flipping a house with TERMITES!???

[Arthur Crum]

Hello! I'm looking to flip my second home and already have eyes on a property I like. However, I have been informed by the listing agent that the original contract fell through because the WDI inspector found termites.... The home has since been treated and comes with a one year warranty. The home sits on a concrete slab and the attic was damage free. However, how can we truly know what the extent of the termite damage is? 

Has anyone else had experience flipping a home with previous termite damage? How did it affect your ARV? I will have to disclose this now to the next owner. The numbers look solid but I'm a little worried I will be left pissing in the wind when it comes time to sell the house. Any help is much appreciated!

Thanks, 

Art

[Aaron K.]

It partially depends on where the house is and the local perception of termites, in Southern CA for example it is basically a given that every house has termites it is just a question of how many and how much damage they've done.  If you have termite clearance you should be okay to sell, the only issue you'll face is perception.