Trapdont Waive Your Rights

As part of the warranty, some builders have the buyers sign a statement that they waive all implied warranties. In the states that permit this, if you sign such a statement, you may give up more rights than you get, since the implied warranties may be stronger than the builder's specific warranties. If a builder insists you sign a waiver statement, you may want to consider a different builder and house. At least check it over with your attorney.

Under a builder's warranty, you have to go back to the builder to get satisfaction if a problem arises. It's to your advantage, therefore, to find a builder who is big enough to sustain the losses involved with any likely problems.

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