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
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.
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