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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Everything is in the price and the condition of the house. The building permits will show when it was built, and to which code, and when and if it was modified, such as by roof replacement, and that will indicate the code followed when the modification was made. Insurance companies sometimes require a wind mitigation, or even a four-point inspection. If the place is an old dump, rates will reflect that, and so will the sales price. If it has been kept up to date, same will be true.