What's your stance on termite damage?

[Tony Castronovo]

Listing says "extensive termite damage". How hard (expensive) is something like this? "Run for the hills" or "no big deal"? 

[Jim Shepard]

It's like any other type of damage / updating. You need to figure out an estimate and add some to it since the damage will be hidden behind the walls.
One of my best deals was a house with termite damage that was fairly extensive that we found during our due diligence period. I put my estimate together and subtracted it from my original offer (about $15,000). I gave the owner the option of having the repairs done by a licensed contractor but they accepted my offer. My contractor did the necessary repairs which only cost me $8000. I won on that one.