If you’re considering a home purchase in the near future, have you thought about what would happen if something breaks down in your new home shortly after you move in? Like if the oven breaks down after only a week, or the water heater springs a leak the weekend after you move in?
Home buyers typically ask that any chattels (like furniture, mirrors, etc) and fixtures (heating, plumbing, electrical, etc) included in the sale be in good working order on closing. This means that nothing is broken the day you move in.
If you want to guarantee something for longer — say, for a month — you’ll need to request it in the Agreement of Purchase & Sale. Keep in mind, however, that most sellers won’t be interested in warrantying things for long periods, and it may require some negotiation.
That being said, some extensions are reasonable. If you buy a home with a pool, for example, in January, you won’t have a good idea of its working condition until mid to late spring, at the earliest. So, you could insist on a specific exception in cases like this rather than a 5-month extension for all chattels and fixtures.
Sellers should disclose any problems with chattels and fixtures, but that doesn’t mean they will. Do your research. Insist on the warranty. And if still in doubt, consider buying after sale warranty protection for major appliances and home systems to give you peace of mind during your first year of ownership.
If you have questions about the warranty process, contact us today.