Pest repairs are turnoff for buyers

If sellers can't fix problems, list price should come down

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Inman Connect New York | January 29 - February 1, 2019

In a perfect world, houses wouldn’t deteriorate over time. In reality, the wear begins as soon as a house is built. Older houses tend to have more maintenance issues. But, even new homes can develop problems within a few years if they were poorly constructed.

Most homes are inspected for damage caused by wood pests — such as dry rot, termites, fungus, decay and wood-boring beetles — before they are sold. Who pays to correct the damage — buyer or seller — is often subject to negotiation.