2007-06-06 04:38:24 · 9 answers · asked by Chanell C 1 in Home & Garden ➔ Other - Home & Garden
NO! This varies from state to state, the laws are not the same everywhere. But generally, a used house is "as is", unless the seller specifically offers a warranty. But in some states, such as California, the seller and his/her agent must tell you about material (important) flaws in the house, even if they were fixed. The best source of information about buying a house in your area is a real estate broker or attorney. Don't buy a house without one!
2007-06-06 04:52:09 · answer #1 · answered by raichasays 7 · 0⤊ 0⤋
If you are buying a NEW home from a builder or having a home built to your specifications from a builder, the workmanship is covered under a warranty for 1 year. Some items like foundations, you may have 3-5 years in some instances.
If you are purchasing a home from an individual seller, there is no implied warranty unless it is stated specifically in the seller's disclosure statement or in a purchase agreement signed and agreed to by the seller.
When you purchase a house and suspect a problem with something like a leaky pool or basement, you can ask that the seller specifically warranty these items. The seller can choose to or choose NOT to. It never hurts to ask, especially when the housing market is this slow. It is a buyer's market and seller's need to give a little more in order to sell in most cases.
Good luck.
2007-06-06 11:52:20 · answer #2 · answered by TracyB 2 · 0⤊ 1⤋
New house (new construction) usually a one year warranty. Used houses, not unless you or the seller purchase a Home Warranty policy. I paid $350 for a warranty when I sold my last house so I didn't have to worry about any problems since I was moving out of State. The paperwork on a used home has a place for disclosure. Any known problems must be listed. It's part of the buying contract. Then again, people lie.
2007-06-06 12:39:22 · answer #3 · answered by sensible_man 7 · 0⤊ 1⤋
No, when I bought my house the seller paid one year, and then after that I renewed it with the same company and I was able to pay a monthly fee of like 37 dollars or something like that, so if the seller is not offering one you can look into getting it for yourself.
2007-06-06 14:18:17 · answer #4 · answered by jls 1 · 0⤊ 0⤋
No not always and you should not just assume that there is one. Ask about it see if the seller or realeaste will give you one. If not make sure you have them fix anything you can think of that needs repairs "now" such as the roof, hotwater heater replacement, AC and so forth.
Brand new homes (newly constructed) usually come with a 1 yr and foundation a 3-5 yrs
2007-06-06 13:16:13 · answer #5 · answered by texas_angel_wattitude 6 · 1⤊ 1⤋
Typically, the answer is always yes for newly built homes, but I think that may depend on the state. In Indiana, builders are required by law to fix any problems that occur and are reported within the first year. If you don't report it within the first year then you are sunk.
That is probably not the case with pre-exhisting houses. I know the flaws (structural, electrical, etc - flaw that make it not meet code) have to be fixed before the house is sold for pre-exhisting ones.
2007-06-06 11:46:12 · answer #6 · answered by devilishblueyes 7 · 0⤊ 1⤋
no..either your seller or the real estate agent purchases on your behalf as a bonus to buy the home or you can purchase one yourself...a very good idea for little cost
2007-06-06 11:46:00 · answer #7 · answered by becca9892003 6 · 0⤊ 0⤋
No. Only if the seller offers one. :)
2007-06-06 11:41:32 · answer #8 · answered by jennifer k 3 · 0⤊ 0⤋
No--only if it's in your contract
2007-06-06 11:51:56 · answer #9 · answered by Tammy 4 · 0⤊ 0⤋