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Updated over 7 years ago on . Most recent reply

User Stats

47
Posts
93
Votes
James Mabe
  • Investor
  • Winterville, NC
93
Votes |
47
Posts

American Home Shield (real case)

James Mabe
  • Investor
  • Winterville, NC
Posted

I have a FSBO condo that I'm interested in. Numbers work just fine for me. Seller wants payoff which is $75,000 and is willing to re-paint and re-carpet. B neighborhood that rents for $900. Hang-up is the HVAC unit is from 1999 and wasn't working when I toured. The owner says, "no worries, I have American Home Shield and they are sending out a guy to charge it." I believe this is the 3rd time he has had it done. Obviously, at this point, the HVAC is done. How can the owner get a new unit out of this deal? Is the HVAC guy milking it or is AHS just not willing to pay? I'm not a fan of these warranties, just need some guidance on how to tell the seller to proceed.

Most Popular Reply

User Stats

4,609
Posts
2,990
Votes
David Dachtera
  • Rental Property Investor
  • Rockford, IL
2,990
Votes |
4,609
Posts
David Dachtera
  • Rental Property Investor
  • Rockford, IL
Replied

I'd tell 'em he can replace the HVAC or take a lower offer to reflect your cost to replace...

... or do the deal as is and eat it yourself.

It's up to you ...

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