Pop Quiz

True or False:

1. All warranties are alike.
True False

2. Only new homes come with warranties.
True False

3. Outside insurance-style warranties are available for a fee.
True False

4. An offer to purchase does not mean you are obligated to buy if negotiations go badly.
True False

5. Pre-closing inspections should be scheduled as close to the closing time as possible to ensure that the property is in the same condition as it was the last time you saw it.
True False

6. If there is a problem at the pre-closing inspection, it can be addressed at the closing if there are provisions for this in the contract.
True False

7. You always want to get a lifetime warranty on products.
True False

8. Length of time for warranties should be clear and specific.
True False

9. Pre-existing problems in a home can be fixed by using the home warranty.
True False

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