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Started By
Message
Home warranty in sales contract?
Posted on 2/17/10 at 7:07 pm
Posted on 2/17/10 at 7:07 pm
About to accept the sellers offer however a home warranty isn't included. The only thing I'm worried about in the home is the ac unit which is about 5-7 years old. Should I ask for a 1 year warrnty to include the AC?
3
Posted on 2/17/10 at 7:34 pm to Golfer
I would ask for it. Home warranties are relatively cheap (at least in TN). The last house we sold we included one for the buyers and it cost approximately $300. Our realtor did all the warranty docs and we paid the fee from our proceeds at closing. Just make sure before closing that it includes the AC.
Posted on 2/17/10 at 7:39 pm to East TN Tiger
Yea, I just looked at one online and everything else listed but the AC is brand new in the house...just seems that the seller might balk in that case.
Posted on 2/17/10 at 8:11 pm to Golfer
If you can get it for free, do it.
If you have to pay for it, keep in mind that the company is paying employees, and still making a profit.
Might be worth it, but the expected value of a warranty is less than the price you pay.
If you have to pay for it, keep in mind that the company is paying employees, and still making a profit.
Might be worth it, but the expected value of a warranty is less than the price you pay.
Posted on 2/17/10 at 9:45 pm to TheHiddenFlask
If I was selling a house, I wouldn't balk at $500....
Posted on 2/17/10 at 11:06 pm to Golfer
Definately ask for it. Would give you a year to personally observe the ac to see if might need repair.
Posted on 2/18/10 at 6:34 am to TigerDeacon
I asked for it in the contract for the house I'm buying and they agreed. I think it's pretty common now and it's not a huge expense like others have said. As a seller, I wouldn't offer it if you didn't ask for it, though.
Posted on 2/18/10 at 6:52 am to seawolf06
ask for it- if they refuse buy it yourself- my agent gave me one as her gift to us
Posted on 2/18/10 at 6:56 am to 756
quote:
my agent gave me one as her gift to us
Mine did this as well.
Posted on 2/18/10 at 9:20 am to 756
quote:
my agent gave me one as her gift to us
That was very nice. Agents here don't split the commission evenly for some reason.
Posted on 2/18/10 at 10:47 am to seawolf06
We asked. The owner is going to service the AC prior to close and we can insert the warranty in if the service report reccomends it.
Posted on 2/18/10 at 2:29 pm to Golfer
If you're buying an older home, than definitely ask for the home warranty or buy one yourself. Termite treatment is at least $1200, and electricians or a plumber charge $200/hr. If you're worried about the AC unit look into a HVAC maintence plan. It will increase the life of the unit.
Posted on 2/18/10 at 2:46 pm to ChesterCopperpot
quote:
Termite treatment is at least $1200
That's really expensive. We were quoted $750 for this house.
Posted on 2/18/10 at 3:01 pm to seawolf06
The house is currently under a termite contract and in addition to the standard inspection it will also undergo a termite inspection.
It's a 65 year old raised home.
It's a 65 year old raised home.
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