I'll agree the "new home warranties" are pretty much useless. Yet so many people are of the "I want to buy a new house because I don't want problems".
Haven't people watched a few episodes of Holmes on Homes to see how "new" does not mean better?
I'd take the money, but without signing any sort of release. Have a better read as to what exactly "Warranty" covers, I seem to recall much of it being around "structural" issues vs something like water intrusion or bad interior finishing.
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