Buyers and sellers purchase a Home Warranty service contract to cover mechanical breakdowns due to normal wear and tear of the major systems and appliances in their home. Home Warranties can cover everything from heating and air-conditioning to plumbing and electrical systems. Most home warranty companies offer contracts that will replace your appliance if their technician cannot fix it. Home warranty companies also offer this service contract to all consumers regardless of the age of their home.
Whether you are looking for a comprehensive plan to cover all your major systems, or a limited protection plan to cover kitchen appliances, home warranty companies have plans for you. You can choose a plan that best fits your needs for every household budget.
Sellers often purchase home warranty service contracts because it makes their home more attractive to potential buyers, especially if home systems, appliances and other items are aged. If two homes are equally attractive to a buyer, the one that offers a Home Warranty might come out on top. After your closing, buyers shouldn’t come knocking on your door if something fails, but that doesn’t mean they won’t, especially if they feel you didn’t disclose a defective major appliance. A Home Warranty can provide you with peace of mind as your buyers will contact the home warranty comany, not you.
Most consumers would agree that their home is their most important purchase. However, you may have a tight budget after coming up with the funds required for closing. With so many of a home’s systems hidden from view, it’s easy to take them for granted until something fails. The last thing you want to do is pay to replace a costly appliance or major system. A Home Warranty is a buyer s best defense against these unexpected expenses. There are no rules that state who must pay for a Home Warranty. A seller or realtor can offer it as part of a marketing package, or a buyer can purchase it before or after closing.