beetles, carpenter bees, ants, and other pests.
There is no need to explain how much harm even a few termites can do. These issues will lead to significant repair expenses and even health issues.
The presence of any kind of contamination can lead to a renegotiation of terms or a complete rethink of the deal.
#5. Fix All the Issues after the Inspections
If inspections reveal any problems, you may want to ask for a price adjustment to cover the cost of repair or ask the seller to fix the problems. Some inspectors advise looking deeper into the issue. They say you should ask for a second opinion or evaluate it further with a specialist. Discussing the estimates and fixing the problems as soon as possible is highly recommended.
#6. Ask for Title Search and Insurance
Title insurance is needed to eliminate the potential of loss by third-party ownership on your buying property. Title insurance protects real estate owners and lenders against loss or damage due to the title's liens, encumbrances, or defects. Each title insurance policy is subject to specific terms, conditions, and exclusions. Auto and homeowner’s insurance protects against potential future events and is paid for with monthly or annual premiums. A title insurance policy insures against past events for a one- time premium paid at the close of the escrow. Title defects include another person claiming an ownership interest, improperly recorded documents, fraud, forgery, liens, encroachments, easements, and other items specified in the insurance policy.
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