Buying a new home is an exciting time. The only thing that could turn your excitement into an instant regret is when unexpected issues become big problems. Having the proper home inspections completed before you sign on the dotted line, including WDI inspections, can help make sure you’re making a good purchase with your money.
Learn more about WDI inspections for real estate and why this is an inspection that could save you thousands.
What does WDI stand for?
WDI stands for wood destroying insect which includes termites, carpenter ants, and any other insects that destroy wood.
What is a WDI inspection?
WDI inspections are more important and valuable than some buyers may realize. This is especially true in Tennessee where termites can be prevalent in untreated, older homes. WDI inspections give buyers peace of mind when making a big purchase.
Because buying a home is one of the biggest financial decisions you’ll ever make, it’s even more important to make sure you’re aware of any dangers hidden underneath. Unfortunately for us, termites and other wood destroying colonies are great at hiding. These colonies can be hard at work devouring internal wood structures for years before issues are discovered resulting in thousands of dollars of structural damage.
When you have a WDI inspection on a home during closing, the inspector will visually evaluate the entire property, including any outbuildings, looking for signs of wood destroying insects. If structural damage is suspected, the buyer should contact a qualified contractor to determine the extent of the damage.
Do lenders require a WDI inspection?
It’s only required if a termite report requirement is listed in the contract. If so, the lender will ask to see the termite reports for closing inspections.
While WDI inspections may not be required in all situations, it’s absolutely recommended to know you’re making a good investment. And, to avoid an expensive surprise later in the form of structural damage.
What does a WDI or termite inspection report consist of?
A WDI report will tell you where on the property there may be a wood destroying pest issue, what kind of wood destroying pest is present, and if there may be structural damage. It also includes a section which addresses any areas that were obstructed or inaccessible, therefore limiting the inspection. The termite reports for closing inspections are sent to the appropriate parties involved and including in closing document information.
Who is normally expected to pay for the WDI inspection?
It depends. In some cases, sellers will pay for the inspection and provide the WDI report. In other cases, the buyer may need to request and pay for the inspection themselves.
Inspections and closing costs are all negotiable. These are best negotiated and decided upon by you and a professional real estate agent who can advise you on what’s best for your situation.
Looking for termite reports for closing inspections? At Inman-Murphy Termite & Pest Control, we offer professional WDI inspections throughout Memphis, Tennessee and surrounding areas. Contact us today to learn more and to schedule a WDI inspection.