Inspections are an important part of the real estate sales process. Simply put, the seller is typically responsible for the:
Septic Inspection
Well Water Test
Wood Infestation Inspection (WDI & WDO)
Of course, in some cases sellers can disclose that they aren’t willing to pay for either of the inspections and in others the buyers will pay for these inspections to make their offer more appealing. Either way, whether you're the buyer or seller, it's important to have an understanding of these inspections.
Septic Inspection
Typically costing around $700, the inspector will evaluate the current condition of the system, check to see if the system is functioning as intended, and will also pump the tank so the buyers are off to a fresh start.
Well Water Test
This inspection indicates the “water is free from contamination by coliform bacteria” (VAR Form 600) and ensures that the well water is potable.
The water test will cost between $50 and $150 depending on who completes the test.
Wood Infestation Inspection
Frequently referred to as the “termite or pest inspection”, the Wood Destroying Insects (WDI) inspection checks for the “presence of or damage from termites and other wood-destroying insects” (VAR Form 600). Other types of wood destroying insects include carpenter ants, carpenter bees, and wood boring beetles.
In many cases, the buyer will choose to have a Wood Destroying Organisms (WDO) inspection completed at the time of the WDI. This inspection checks for visible evidence of fungi along with the current moisture conditions in the crawlspace.
Upon completion, the inspector will provide a report with information on the findings and recommendations for treatment, if needed.
An estimate for the the WDI/WDO inspection is about $125-$200.
Understanding your responsibilities as the seller are critical for a smooth transaction, to minimize the stress of the process, and to prevent any unexpected costs. Your Realtor will assist with inspector recommendations, scheduling of the inspections, along with any negotiations that may be needed due to findings.
Remember: All inspections should be scheduled in a timely manner and completed within the time frames agreed upon in the Contract to Purchase.