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Old 02-13-2009, 07:05 PM
 
Location: Some where new!
319 posts, read 384,893 times
Reputation: 364
My unoccupied house had lots of cobwebs in it! Also..tree roots had made my toilet clog within the first month. DH rented a machine at home depot and fixed that problem fairly easy! The people had the refridgerator unplugged but we pulled it out and plugged it in to make sure it worked. We turned the oven and stove burners on to test them. We ran the faucets too. The heat was turned off in our house, but did work when we turned it on! The house smelled, but a good cleaning took care of most of that!
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Old 02-14-2009, 06:27 AM
 
Location: Centereach
429 posts, read 492,239 times
Reputation: 197
A good friend of mine relocated to PA, into a house that was vacant. The house was on the market for $850k, but the pipes burst and the place was a mess. My friend got it for $530k, but they had to redo the walls and floors. They're in a multimillion dollar neighborhood now and they LOVE it. We visited and the house was big and beautiful and the area was unlike I've ever seen.
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Old 02-14-2009, 07:39 AM
 
335 posts, read 517,502 times
Reputation: 72
Quote:
Originally Posted by TomMoser View Post
It is a warranty that insures you against major mechanical breakdowns during the first year of ownership.

Thanks...I didnt know that....is it generally an expensive policy?
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Old 02-14-2009, 07:40 AM
 
335 posts, read 517,502 times
Reputation: 72
Quote:
Originally Posted by Kbinspections View Post
The only issues could be mice......they like unoccupied homes.

Do you know what tempature the house is set at?
I would think the best way to know mice are there are to look for droppings?
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Old 02-14-2009, 07:56 AM
 
Location: Huntington, NY
7,595 posts, read 10,155,830 times
Reputation: 3368
Quote:
Originally Posted by modmondays View Post
Thanks...I didnt know that....is it generally an expensive policy?
The cost is between $400-$500/yr and can cover many different things. Your RE agent should be able to help you with this. Make sure the policy applies to a vacant house such as yours, though.
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Old 02-14-2009, 03:17 PM
 
335 posts, read 517,502 times
Reputation: 72
Quote:
Originally Posted by Elke Mariotti View Post
The cost is between $400-$500/yr and can cover many different things. Your RE agent should be able to help you with this. Make sure the policy applies to a vacant house such as yours, though.
Thanks for this info!

Question: If a home has been vacant for more than a year, I would have thought that the buyer would demand that the owner place a certain amount of $$ in an escrow fund for a period of time to ensure heating/a-c/plumbing over this time period - - - does this also seem like a route that could be taken in lieu of the buyer paying for insurance coverage?
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Old 02-14-2009, 03:24 PM
 
2,931 posts, read 5,467,215 times
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It might work. Everything is negotiable. Maybe get the seller to pay for the warranty. Some real estate companies give them away for free to attract buyers. Here's the company that I use sometimes:

American Home Shield | Home Warranty | Homeowners Warranty | Home Protection Plan | Selecting a Home Warranty | Purchase a Home Warranty | Home Protection Options

Make sure that you read the fine print, though. There are a lot of exclusions.
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Old 02-14-2009, 03:28 PM
 
335 posts, read 517,502 times
Reputation: 72
Quote:
Originally Posted by TomMoser View Post
It might work. Everything is negotiable. Maybe get the seller to pay for the warranty. Some real estate companies give them away for free to attract buyers. Here's the company that I use sometimes:

American Home Shield | Home Warranty | Homeowners Warranty | Home Protection Plan | Selecting a Home Warranty | Purchase a Home Warranty | Home Protection Options

Make sure that you read the fine print, though. There are a lot of exclusions.
Thanks very much for the link. I would think that this has become a big issue in the foreclosure sales markets.....
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Old 02-14-2009, 09:42 PM
 
Location: Huntington, NY
7,595 posts, read 10,155,830 times
Reputation: 3368
Quote:
Originally Posted by modmondays View Post
I would think that this has become a big issue in the foreclosure sales markets.....
Bank owned properties are sold "as is" and usually the buyer also pays the seller's closing costs (the transfer tax is the biggest expense here and is tied to the price of the house).
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