Fix and flip or Brrrr

[Julie DeWolfe Arroyo]

We offered a 1 year warranty on our new construction homes, what (if anything) does your business offer your rehab buyers? Wholesale, flips, brrrr, foreclosure resale, etc, when transferred to another buyer through your business, does your business offer any guarantee (especially if you did rehab)?

If not, does your contract reflect *as is*?

Walk me through this, folks.

Thanks, in advance.

[Lee Fuhr]

We'll offer a warranty if they request one.  The insurance policy to cover it doesn't cost that much, but we don't offer it up front.  One thing we will do on winter flips is add a landscaping clause in there so that in April or May, we'll come back and reseed the yard and give them a $200 allowance to purchase plants and we'll plant them if they want to.  It doesn't cost us anything really to offer this, but it makes the ugly winter yard look much more attractive to a buyer - they sort of don't look at the yard much because they know we'll fix it up when the weather is better.