The 'New' Roof was Installed in 2005

By
Real Estate Broker/Owner with M & M Realty of Brevard Inc. BK629999

The 'New' Roof was Installed in 2005 by Sandy Shores, Broker AssociateLast 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 the date when that 'new' roof was installed.  In an ideal scenario a seller can pass along all pertinent receiprs and documentation to confirm dates.  Often, this can seal the deal for a buyer.

In seeing the words 'new' or 'newer' advertised,  I think this requires additional research.  Both of these words are relative terms. Find out exact dates. Call the city to ask for permitting information, when applicable.

In my further research on the property listing advertising a new roof and new electric panel, the listing agent informed me that the 'new' roof was installed in 2005 and the 'new' electric panel was installed in 2006.  In my book, that's not new!

In researching information on another property, I found that the roof was 11 years older than the 2003 date that was advertised.

So, before buying a house, be sure to do your due diligence and do your own research.

NOTE: On foreclosed properties, there are no warranties, no property disclosures and no documentation. The sellers that owned the property are gone. And, the banks selling the properties do not have any records.

 

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Sandy Shores, Broker Associate, Brevard County FL Real Estate

Sandy Shores, Melbourne FL Broker-Associate

M & M Real Estate, Inc.

Residential, Investment and Relocations

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321-253-4545 or 321-733-6080

www.SandyShoresMelbourne.com

Email me at SandyShoresMelbourne@hotmail.com

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Rainmaker
3,331,541
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Sandy -- the words new and/or newer are quite subjective.  I use dates of installation or replacement and then cite the source of those dates --- roof replaced in 2011 per seller.    It's not perfect but a lot better than the vague new or newer.  

Jan 04, 2013 05:27 AM #1
Rainmaker
94,295
Dan Mincher, CCIM
The Vollman Company, Inc. - Sacramento, CA
Sacramento Commercial Real Estate

You sure got that right!  Other favorites are "top of the line" and "energy efficient"... Boy, do THEY cover some ground!  Have a great forever!

Jan 04, 2013 05:29 AM #2
Rainmaker
671,701
Sandy Shores FL Realtor®, Melbourne Real Estate
M & M Realty of Brevard Inc. - Melbourne, FL
Brevard County Real Estate, Florida's Space Coast

Hi Michael, I like dates too, after I have been able to confirm them with the seller or with documentation. It cuts out a lot of errors or misrepresentations.

Jan 04, 2013 05:30 AM #3
Rainmaker
671,701
Sandy Shores FL Realtor®, Melbourne Real Estate
M & M Realty of Brevard Inc. - Melbourne, FL
Brevard County Real Estate, Florida's Space Coast

Dan, Too funny... have a great forever.  I like to do my research to be sure that I know what my buyers are purchasing, BEFORE they make the purchase.

Jan 04, 2013 05:38 AM #4
Rainmaker
3,247,782
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Sandy

New is very subjective.

Good luck and success.

Lou Ludwig

Jan 04, 2013 10:53 AM #5
Rainmaker
453,651
Allison Stewart
St.Cloud Homes - Saint Cloud, FL
St. Cloud Fl Realtor, Osceola County Real Estate 407-616-9904

Funny how time has an insideous way of escaping us!  Pointing out that the "new roof" is now 8 years old can be an eye opener.

Jan 04, 2013 08:27 PM #6
Rainmaker
1,515,787
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Fifteen Years Experience in Brevard County

I see alot of the word "newer" being used. I guess it gives the new impression although its not new!

Jan 04, 2013 09:44 PM #7
Rainmaker
4,797,261
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Actually, every roof when installed is new!  Now the question is how long ago was it new?

Jan 04, 2013 10:05 PM #8
Ambassador
1,973,311
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living
Sandy, new in 2005... Sounds kind of strange. I also believe that stating the years of the improvements is best. I guess sometimes the sellers don't quite remember the exact year especially for things that don't require permits so I can see why the word "newer" comes in.
Jan 09, 2013 10:05 AM #9
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Rainmaker
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Sandy Shores FL Realtor®, Melbourne Real Estate

Brevard County Real Estate, Florida's Space Coast
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