Quote:
Originally Posted by retiredguy123
1. Of course, the age of the roof should be a negotiating point for the price of a house. Also, the age of the HVAC system.
2. The buyer doesn't have a real estate agent. The agent works for the seller. But, as a buyer, I would consult with The Villages Insurance company or another company regarding the insurability of the house, not a real estate agent.
3. For a small villa house, a new roof should cost about $6,000-$8,000, which would be about 1200 SF. If the house is larger and/or has additional valleys, etc, it will cost more.
4. Most resale houses are sold as "non as-is". That is the safest way to buy a house, unless it is a fixer upper for a bargain price.
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We bought a resale exactly one year ago. We had an agent whose responsibility was to us. He also lived in TV, as many of the agents do, and although we thought we knew a lot about life in TV, he knew stuff about homes I would never have thought of.
Yes, the aging yet still functional roof was a negotiating point.
Our agent did negotiate on our behalf, and I felt he got us a very fair price. We were somewhat fortunate in that our deal went through just before the market got crazy. We closed last February.
Our home was built in 2006, with the original roof. We are having it replaced this month.
Our three estimates were in the 16K- 18K range. We went with the middle guy, 17K.
I don't remember the exact size of the roof, but it is a Gardenia model, with an extended lanai and "stretch" garage, so it has a few more sq.feet than a standard Gardenia or Camellia.
We did not opt to try to get a "storm damage" freebie, although we probably could have. WE are happy with our homeowner's insurance company and didn't want to lose them. They insured our aging roof, and weren't threatening to cancel our policy, but I wanted to get ahead of that issue.