Goldielocks and The Three Builders
Once upon a time, in the land of real estate, there were three buyers . . . who wanted to have their houses built.
Builder #1 - This was a "spec" home. Brand new construction, already built, move-in ready.
Buyer liked it and bought it.
Builder Warranty was the WORST I had ever read . . . all ONE PAGE of it!
Yes, the terms "Buyer to notify builder within a reasonable amount of time . . . " was very COLD to my palette.
Builder #2 - This was a "custom" home. Brand new consturction with the buyer's own design/floor plan, purchase of the lot, etc.
Builder Warranty was NOT GREAT . . . all THREE pages seemed to contain coverage.
Not having the Builder Warranty TRANSFER . . . was HOT to my palette.
Builder #3 - This wasn't a custom home, or a spec house -- this was right in the middle. The builder owned the lot and decided what design/floor plan to use. The buyer selected everything about the home, from floor to ceiling, interior to exterior.
Builder Warranty was PERFECT . . . all 42 pages of it. But it detailed everything, provided time lines, was transferrable to subsequent owners, was clear and easy to understand.
I would recommend the 2-10 Home Buyer's Warranty! It's JUST RIGHT . . .
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