Ilyce explains how warranties work and reminds readers to carefully read all the documents at a home closing. According to my purchase agreement, a home warranty was to be included at closing (paid for by the broker). After further investigating she found out that yes, I’m supposed to have a home warranty for 1 year. I’m assuming that you purchased an existing home and are referring to the second kind of home warranty. Looking over your situation, it’s clear that the seller’s real estate agent forgot to buy the warranty and he or she should bear the cost of the new thermostat. read more
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