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.
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Depending on the size of the house and the age of the roof, if it is old, offer them the amount they ask, less the price of a new roof and put one on when you move in.