Quote:
Originally Posted by Kzeus
We are moving to The Villages in about a month and have been mulling this question:
How can someone sell a home older than 20 years, if insurance companies refuse to insure at all, or charge exhorbitant fees? And, conversely, why would anyone buy an older home?
We welcome all *kind* responses. Thank you.
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Whether or not a house purchaser buys insurance, is of no concern to the seller. Just like everything else a purchaser may or may not do once they are the new homeowners. So the answer to your question is: Easy.
Look at it another way, let's say you purchase a house & want to sell it in a few years. Is the purchasing of insurance by the buyer of any concern of yours? The purchaser might decide to self-insure. The only way it might become a concern is if deals fall through because people can not find insurance. But that probably just means the house will be on the market for longer.