Termite inspection (WDO)
An inspection for termites and other wood-destroying insects or damage. Some loans, like VA loans in many areas, require it.
Also called: WDO, WDI, pest inspection, wood destroying organism report
Related terms
A visual check of a home's structure and systems by a trained inspector, usually during the buyer's contingency period. It finds problems before you're locked in; it is not a pass or fail test.
A mortgage guaranteed by the Department of Veterans Affairs for eligible veterans, service members and some surviving spouses. It usually needs no down payment and no monthly mortgage insurance, but most borrowers pay a one-time funding fee.
The written findings from a home inspection, usually with photos and notes on safety issues, defects, and items to watch. Buyers use it to decide on repair requests or walking away.
A written list from the buyer, after inspection, asking the seller to fix items, give a credit or lower the price. The seller can agree, refuse or counter.