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Another home buying question

Old 05-09-2007, 09:20 PM
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Default Another home buying question

for $395 is a home warranty worth it or is it junk? Home was built in 1959 but but has been recently updated and renovated.
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Old 05-09-2007, 09:27 PM
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Default Re: Another home buying question

Depends on the warranty company, as long as the company is legit if your heat pump or furnace goes out it will be money well spent
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Old 05-09-2007, 09:28 PM
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Default RE: Another home buying question

Be sure and read the fine print and understand what all is covered but all in all they are good deals.

Several things you want to know, age of roof, heat/ac units, appliances, electrical (since the house is older) and make sure all of these are covered COMPLETELY
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Old 05-09-2007, 09:53 PM
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Default Re: Another home buying question

My experience with extended warranties of any sort has been when I bought them, it turned out that I didn't need it and when I didn't buy it, I needed it....
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Old 05-09-2007, 11:30 PM
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Default Re: Another home buying question

The huge amount of fine print in most warranties make them a sucker proposition.

Just my experienced opinion.



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Old 05-09-2007, 11:40 PM
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Default Re: Another home buying question

A woman I know had her well pump, heat pump and air handler all replaced under a home warranty program, well worth the cost. One thing to be careful of is if there is a problem with a covered system or item make sure you follow the procedures laid out in the warranty agreement, I've also seen claims denied for failure to follow the procedure to a tee.
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Old 05-10-2007, 12:52 PM
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Default Re: Another home buying question

I am in the middle of this RIGHT NOW AS WE SPEAK...I bought the warranty....and added additional $75 for the AC units
...Last month the up stairs unit... (Trane air handler/Goodman compressor (mistake for sure) ) went down...Warranty
people sent people out...I pay the service call $60 and they pay any repairs...this I knew...freon low and they charge it
up. Following week, no cool air...back out again (no pay on the service call)...coils on both the air handler and out side
unit are leaking...Both must be replaced....and here is where the dance begins....

The Home Warranty Co. only handles (buys in bulk) Goodman products...which are so/so...no problem for the
compressor problem...but the air handler is up in the crawl space and the new one must be installed under "PRESENT
CODE"....and this bring up to code is HOME OWNERS EXPENSE !!!...This would entail me spending about $5,000
of ceiling/walls being torn out...new freon lines run...(existing lines are Trane and will not match up with Goodman).

My choice...I cashed out the warranty for $1158....replaced the Trane coil unit...and bought a 2 ton Trane compressor..
Total out of pocket....$2500 after applying the cash out....

OUr county code would not let me replace a new Goodman unit outside with new coils for the air handler.!!!!

The older the home is, the less the warranty will help, but it will help some !!!!!
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Old 05-10-2007, 01:00 PM
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Default Re: Another home buying question

I got a washer for $50 out of one that the seller provided.
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