Selling your Home? Consider Purchasing a Home Warranty
Are you selling your home? A great way to interest buyers in your property – and potentially sell faster – is to consider purchasing a home warranty!
What are the benefits of a Home Warranty to the Seller?
Coverage while your home is on the market – If a failure occurs while your home is on the market, you can continue to concentrate on selling your home instead of worrying about the cost of repairs.
Powerful marketing tool – The home warranty will help set your home apart from other listings. Research shows that 8 out of 10 buyers prefer to buy a home with a warranty.
Post-sale dispute prevention – If a failure happens after settlement, the buyer will turn to the home warranty –not you – to resolve the problem.
What are the benefits of a Home Warranty to the Buyer?
Selling a home is stressful, especially for first-time buyers, who may have little experience with the unexpected maintenance surprises that are part of home ownership. Although the home inspection usually points out major structural damage, problems with the roof, and other issues that can be negotiated during the sale process, inspectors can’t predict with certainty when appliances or home systems will break down. That’s where a home warranty comes in. It can protect home buyers from costly repairs — and replacements — involving:
Heating and cooling systems
How does the buyer use the home warranty?
If a covered appliance or system breaks, the homeowner calls the warranty company, which calls a service provider in the company’s network.
The provider sets up an appointment with the homeowner.
If the appliance can’t be repaired, depending on coverage, the warranty company will pay to replace the unit.
How Much Does a Home Warranty Cost?
Warranties are pretty reasonable. You can expect to pay anywhere from $250-$400, depending on coverage. There is usually a fee — typically less than $100 — for service calls.
A warranty covers the homeowner for one year.
Read more: http://www.houselogic.com/home-advice/home-thoughts/how-home-warranty-helps-sell-home/#ixzz3JXM8bpYj
Tags: advice, buyers, for sale, home buying, home for sale, prepare, sellers
« Back to Blog