Yes, that has been my experience in the past. I didn't carry a termite bond and had a termite inspection done as part of the sales process. The new owners started up a termite bond because it made them feel better.
Quote:
Originally Posted by Toymeister
I asked a licensed TV properties real estate agent what she has experienced. She has been in RE for three decades in the area and with The properties of the Villages for over a decade. This is what she said:
" You do not have to have a termite bond on your home to sell it. The buyer would typically get a termite inspection and at that time they can secure a bond if they choose."
That makes sense since Fannie Mae does not require a bond for underwriting. Fannie Mae is the 800 pound gorilla when it comes to selling your home, whether you have a loan or not
Hopefully this will end the speculation that a bond is a requirement or somehow assists in the sale of your home. All a buyer cares about is the home is termite free and some may want to get a termite bond on it for their own purposes .
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