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When buying a new house in the States, how many years of warranty do you get? [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

lebkuchen

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Mon Mar-31-08 12:45 PM
Original message

When buying a new house in the States, how many years of warranty do you get?

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Edited on Mon Mar-31-08 12:50 PM by lebkuchen

A German builder must, by law, provide five years of warranty on the house/flat/apt.

Also, all German mortgages are fixed, so there are no sudden increases in monthly mortgage payments.

The interest rate with nothing down is approx. 4.85%. What is it in the States?

German laws are extremely protective of the buyer, and Germans are proud of these laws. Tent cities sprouting up around German cities due to a mortgage crisis would be unheard of.

Why can't the US get it together and protect its own citizens?

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