Adverse Conditions that Might not be Covered by the Contract and How to protect yourself: You should be aware that the language of the contract excludes certain items and conditions commonly found in homes that might adversely affect the condition, costs, or future enjoyment of the home you are purchasing. Be aware of these things as you view homes. A partial list of things that are not covered and thus bear further consideration depending on the age of the home you purchase are:
o Certain Roof Conditions: The contract only dictates that the roof be free of leaks. A roof can be near the end of its life yet not require replacement per the contract. Even if there are leaks the seller could elect to repair a worn out roof instead of replace it.
o Double pain glass that has lost its seal.
o Appliances that are near the end of their useful life.
o Old heating and air conditioning systems that are near the end of their useful life or are no longer efficient.
o Antiquated electrical wiring conditions that may pass inspection from the standpoint of safety but never-the-less be deemed obsolete. Such as:
o Fused wiring systems that have not yet been upgraded to breaker boxes.
o Two wire outlets.
o Knob and tube wiring systems.
o Unusual requirements due to the health or allergic conditions of a family member.
o Other: _________________________________________________________
Especially older homes are more likely to have one or more of the conditions listed above so if any of these are of particular concern to you as purchaser make note of them. Many times a visual observation of the above systems will give you clue as to whether there may be reason for additional attention. Consider using the above list as a checklist when you consider making an offer on a home and discuss with your buyer’s agent how you can protect yourself from surprises.