Advantages of Home Warranties

Having a home warranty is always an advantage, not only for the buyer but for the seller as well. Warranties reduce the worries that may arise with the purchase of a new home. When a pipe busts, unexpected repairs are needed or anything out of the ordinary occurs you don’t have to worry about a thing, just place a call to your warranty provider. This will allow you to keep your peace of mind.

Advantage for the buyers

Prior to purchasing a home, the buyer can always ask the seller to include a home warranty in the purchase contract, this way the seller pays for it. If by chance the seller refuses, the buyer can easily drop the current deal and search for a seller who is more than willing to include a home warranty in the purchase. This is a buyer’s market, meaning that normally the buyers have the upper hand in negotiating since there are numerous sellers and limited buyers in the market today. So, sellers are normally more open to negotiating the demands of the buyer due to the slim chance of a sale.

Advantage for the sellers

The buyers aren’t the only ones who benefit from a home warranty, seller do as well. Some sellers view this as a marketing strategy to generate buyers who are serious about purchasing. It assures their buyers that any damages on major systems and appliances will be taken care of without spending a dime. This is very ideal for the buyer and it will keep them satisfied. Because you, as a seller, have offered a home warranty you don’t have to worry about a buyer calling you after closing due to a problem arising with the home. You will no longer have to worry about the house because the new occupants will be taken care of by the warranty provider in the event that something goes wrong with the home.

Choosing an ideal home warranty company

No matter who pays for the home warranty, the buyer or the seller, it is very important that party who pays checks the coverage carefully to make sure that all the essential items are covered. Also, make sure that you are paying a reasonable value for your coverage, you don’t want to be paying too much. You have to research to find good deals. Look for different providers and compare their coverage and rates. 

             It’s not ALL about the coverage and rates; you also need to be concerned of the background of the provider. Is the company financially stable? This is important because they will incur expenses when repairing or replacing damaged systems or appliances. You should also find out more about their services. Are they prompt in responding to customers? Will they make the necessary repairs right away? Ask about the quality of their work as well.

Summary

             If you want to protect your home, make sure that you invest in home warranty. Both the sellers and buyers can benefit from it. However, it is vital to choose a good provider for the warranty. Aside from the coverage and rates, see to it that the company will be able to provide aid when you need it. Ask their existing clients about their services and ask if it is satisfactory.