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Updated over 9 years ago on . Most recent reply
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Rehab turned new construction...need help
Greetings,
I have a flip in Decatur, GA that was supposed to be a rehab but due to some city ordinance craziness and a long delay turned into a tear-down and new construction. House is now done and beautiful and on the market but my agent is telling me that in order to sell I need to include:
1. a buyers walk-thru punch list repair at/near closing
2. warranty from me for the first year of ownership
3. a purchased "2-10" warranty for the house, which I'm told is about $5k
These are things I didn't know about and wasn't necessarily planning for since it was going to be a rehab. Is this all true? Would it make sense to "outsource" #2 above to a home warranty company to manage the first year? Is $5k reasonable for the 2-10? Any direction, advice or tips would be helpful.
Thanks
Jeff