When purchasing a Real Estate Owned (REO) property, the new home is likely sold "as is". In this case, conditions inside the house - especially the home's major systems and appliances - are unknown.
Due to the obvious risks of investing in these types of homes, purchasing a home warranty to safeguard against any future repairs or replacements is critical. Banks do not offer home warranties, so it's important for homebuyers to educate themselves on the importance of protecting their homes.
For more information, contact your HWA Sales Representative today!