Warranty? What Warranty?
The Chicago Tribune published an article entitled Home warranty leaves family sweating about a family that suffered through this hot, sweltering summer without an air conditioning unit in their new home. The unit in the home quit working and, because it was warranted, the homeowners expected to be cool in no time. Unfortunately, this “warranty” failed the family as they waited weeks for the new air conditioning unit.
If you pay lots of attention to the Real Estate news you will note that this family is not alone. Other companies like Home Owners Warranty have failed to pay claims over and over again. This warranty has nothing to do with age or condition of the equipment it is more often used to help agents sell houses because they can say “It’s warranted”. If your inspector is requested and shows “old” or “noisy” and damaged equipment you may get $0. Buyers must do their homework and read all the details of their purchases. Buying a home requires more attention than buying a pair of shoes.