I have mentioned before, it is always a good idea to get a termite inspection when purchasing a home in the Lowcountry - and the buyer should pay for it. But what do you do if the termite inspection notes a problem.
Well, if you're like most people and will be taking out a loan, you have to address this issue. Your lender won't give you your loan without a qualifed contractor investigating the issue, and either fixing the problem or writing a letter (on their letterhead) stating that upon further review there is no problem and the reason why. If the problem had to be fixed, then make sure you get receipts from the contractor doing the work and a statement, in writing, that the work has been completed and the problem taken care of. Any letters you get from the contractor stating either the work has been completed or not needed, send them over to the lender immediately. If they are not sufficient evidence for the lender, then the lender needs to let you know that they need some additional information, otherwise you can consider the matter closed.
Getting the termite inspection problem investigated and fixed is really in the buyers best interest and not just to satisfy the lender. You never know when the problem maybe very serious, involve extensive repairs and additional termite control measures. If the home is under a termite bond, it's still a go idea to get the inspection, if nothing more than peace of mind that you know of any pre-existing termite conditions. This way you'll be purchasing the home with your eyes open and full knowledge of the condition of the home - termite inspections typically cost less than $100.