Quote:
Originally Posted by Misky1951
I've been helping my friends from Boston who are looking to buy a preowned home.
Some of the homes have roofs over 15 yrs old. I asked the agents about insurance. They tell us TV insurance companies will not insure a home with a roof over 15 yrs old. But they tell us not to worry as other companies do.
My friends are concerned about paying top dollar for a home and then worrying about getting insurance or being required to get a roof replacement in a few years
I guess the obvious answer is to find a preowned home with a newer roof.
Does anyone see buying a preowned home with an older roof as an issue?
Also, I would think an honest agent would tell a buyer about this. None of the agents mentioned this until I questioned it.
|
Several reminders. The,"agent," is a sales person. Unless you hired them as a buyers agent they work for the seller not for you the buyer.
Shopping for friends? I do wonder. Shopping for a home is something people should do for themselves. You might for example love the landscaping etc and your friend may not.
A 17 year old roof? Perhaps, an assumption but everything else is likely the same age.
Air conditioning. Plumbing etc. I don't recall when, but you can look it up. The requirement for securing the roof to the home has gotten stronger. Electrical codes have changed. Not sure of the date but they are no longer allowed to use aluminum wiring.