Buying or selling a Florida home with an older electrical panel can create challenges during closing. Here is what you need to know.
When Panel Replacement Is Required Before Closing
- The home has a Federal Pacific or Zinsco panel
- The insurer requires replacement as a condition of coverage
- The lender requires it based on inspection findings
- The buyer requests it as a condition of sale
How to Handle It
Buyers should request a panel evaluation before closing. Sellers should consider proactive replacement to avoid complications.
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