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The 'New' Roof was Installed in 2005
Last week I was looking at a listing on a house for sale.  The listing advertised a 'new' roof and a 'new' electric panel.   
When I see the word 'new' I always wonder what that means. Does it mean last week, last month, last year?  I can't be sure.  
What about 'newer'?  Does that mean 2 years, 3 years or could it be 10 years old?
When looking at houses for sale, dates are important. Realtors, buyers, lenders and insurance companies like dates.   We like to know the date a house was built, the date the kitchen was remodeled, the age of the air conditioning system, the water heater, and the date the 'newer' pool pump was replaced.
Insurance companies are pretty specific about the dates they need, especially on houses over 50 years old. They require a 4 point inspection on the main operating systems of the house... the roof, electric, plumbing and a/c.  For a wind mitigation inspection they will look at the age of the roof, the windows, garage door, etc.  Correct dates may provide substantial discounts, in some situations on a homeowner's insurance policy.
On traditional sales, sellers fill out a property disclosure, noting any defects they are aware of. And, they fill in ... more

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