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Home | Real Estate Blog | Articles | Video | Forum | Success Goal | 中文
Reason 29 - Your Agent Helps You Determine Values for the Termite Bond
Determining termite bond is one of the major responsibilities of the real estate agent. This will establish the longevity of the building’s fixtures, especially its doors.
Any fixture that is made of wood is prone to get different kinds of termites, depending on the environment. It is very important, too, to know the details on this matter. Termites are small insects found in wood. They are pale to brownish black in color and also known as wood parasites. Dry wood termites, for instance, are commonly found in California.
Cockroaches are house insects that are found in the environments of North American countries. They have grown and found their habitat in these surroundings in the last 20 million years. It is interesting to note, that aside from cockroaches, there are more than 50 varieties of termites found in the North American soils.
In South Carolina Low country, termites have become one of the major problems among contractors. Now, similar problems are also found in the usual subterranean termites. Formosan termites, for instance, are more aggressive and create havoc to dry wood materials. Yet there are many other wood-destroying organisms that can cause huge destruction to houses and building structures.
Some termites cause huge and extensive damage to homes and buildings within a short-term period. While treatments are also available, they are usually costly; home repairs too are expensive nowadays.
The market today is flooded with different kinds of termite treatments. Nevertheless, there is not much different in their efficacy. Basically, they have almost similar ingredients. What is important is for you to know how to apply them from mere reading the instruction carefully. Proper application of the treatment matters, more than brands or labels.
But, you can temper or avoid this problem, if you are wise enough to know the destruction termites can cause to your properties. This is why it is important to have bond for termite in arrangement with your real estate agent earlier on.
Today, however, most real estate developers and builders provide termite bonds for most (if not all) of their projects. Any problem on this matter can be easily addressed by the builders, as this is already part in their project contingency plan.
Usually, the bond company issues official wood infestation reports and you can take the advantage of it. When the property is transferred to your ownership, the bond is also transferred.
Official wood infestation report not only cover termites but also include an inspection for the powder post beetles, wood boring beetles, decaying fungus, and dry wood termites.
When your bond matures, it is automatically transferred to an E-bond maturity account. An alert is sent to you on the message appearing page of your account. Clicking on the message will take you to the screen where you can do anything that you like with your matured funds.
This kind of detail, though, is one of your real estate agent’s competencies. Asking your agent this requirement is not hard for them to do.
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Tel: (+65) 88689999
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billy@billychen71.com
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