When buying a home in Myrtle Beach, one of the more typical inspections that needs to be done is called a CL100 or Termite inspection, or wood infestation report on the home. These inspections need to be done within 30 days of closing to be valid and most lenders are going to require one to be done on most structures.
Here in Myrtle Beach, a CL100 is a very common component in the home buying/selling process. In fact, this report is done so often that it is actually an entire section in the Agreement To Buy And Sell Real Estate. Section 11 of the contract states:
Usually the CL100 is performed a few days prior to closing and never earlier than 30 days prior to closing to remain valid. These inspections are done by a licensed/insured/bonded pest control company and they provide a copy of the report to all parties and it gets signed by all parties at closing.
What If There Are Problems?
It is not uncommon for the report to come back with either active termite infestations or some other sort of wood destroying organisms to be present. We live in the south where the climate is warm and moist and it is just a delicacy to wood destroying organisms.
That being said, I would say that about 3 out of every 10 homes I sell come back with some sort of infestation or wood rot issues that need to be handled.
When the reports come back clean, normally the sellers will simply have the home treated and any rotten wood replaced and we move forward towards closing with no big deal. The expense, depending on how much damage is normally around two to three thousand or less in most cases. I’ve only ever seen one major case where an entire wall in a garage needed to be repaired that ended up costing more money and of course it delayed the closing because it took around 2 weeks to complete all the work needed.
Don’t Sweat It
In closing, I want to leave you with this final thought. If the property you are purchasing comes back with issues in the CL100 report, do not let it stop you from buying the home in Myrtle Beach. We deal with this issue on a somewhat regular basis and honestly, it is not that big of a deal.
The pest control company will simply treat the home for the issue, a handyman will replace any wood or drywall that needs to be done and everything moves forward. The one major benefit after the fact is that if you do have a home that has been treated, you normally will end up with some sort of termite bond on the home that you will be able to renew after the fact and never have to worry about this issue again in your home here in Myrtle Beach!