Comments on: Top Red Flags for Homebuyers http://blog.redfin.com/sfbay/2008/05/top_red_flags_for_homebuyers.html Redfin Bay Area Sweet Digs Fri, 20 Nov 2009 12:03:22 -0800 http://wordpress.org/?v=2.8.1 hourly 1 By: brenda.keener http://blog.redfin.com/sfbay/2008/05/top_red_flags_for_homebuyers.html/comment-page-1#comment-4707 brenda.keener Mon, 26 May 2008 16:06:44 +0000 http://blog.redfin.com/sfbay/2008/05/top_red_flags_for_homebuyers.html#comment-4707 These are both good suggestions! I bought a new home warranty once, and when the stove went out I was very happy I did. These are both good suggestions! I bought a new home warranty once, and when the stove went out I was very happy I did.

]]> By: Anonymous http://blog.redfin.com/sfbay/2008/05/top_red_flags_for_homebuyers.html/comment-page-1#comment-4705 Anonymous Mon, 26 May 2008 08:45:37 +0000 http://blog.redfin.com/sfbay/2008/05/top_red_flags_for_homebuyers.html#comment-4705 Our realtor also purchased a home warranty for us when we bought our house, and (though I was a skeptic) I highly recommend doing this for any new home. It's super cheap for the first year ($350-$500). It pays for itself with one or two small repairs, and covers most everything (plumbing, electrical, appliances, and more) that appeared to be in working order when you bought the house. This isn't something we ever would have bothered buying on our own (and I still would never renew it, since rates for subsequent years go up a lot--but they significantly discount the first year, and that's when you're most likely to discover unexpected "qualities" of your new house). But I'll definitely do it again for the first year--even if you never use it (though we have used ours, for a repair that would otherwise have been $1K+) it's a pretty small price for peace of mind. Our realtor also purchased a home warranty for us when we bought our house, and (though I was a skeptic) I highly recommend doing this for any new home. It’s super cheap for the first year ($350-$500). It pays for itself with one or two small repairs, and covers most everything (plumbing, electrical, appliances, and more) that appeared to be in working order when you bought the house. This isn’t something we ever would have bothered buying on our own (and I still would never renew it, since rates for subsequent years go up a lot–but they significantly discount the first year, and that’s when you’re most likely to discover unexpected “qualities” of your new house). But I’ll definitely do it again for the first year–even if you never use it (though we have used ours, for a repair that would otherwise have been $1K+) it’s a pretty small price for peace of mind.

]]> By: David http://blog.redfin.com/sfbay/2008/05/top_red_flags_for_homebuyers.html/comment-page-1#comment-4703 David Mon, 26 May 2008 05:07:45 +0000 http://blog.redfin.com/sfbay/2008/05/top_red_flags_for_homebuyers.html#comment-4703 Check the mechanicals. Furnace, water heater, AC if present, water, toilet (running faucet and toilet at same time to check water pressure), sewer line, etc. Those can add up--a few grand each fix and all of a sudden you're out $20,000. Check the mechanicals. Furnace, water heater, AC if present, water, toilet (running faucet and toilet at same time to check water pressure), sewer line, etc.

Those can add up–a few grand each fix and all of a sudden you’re out $20,000.

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