Benefits of a Home Warranty

Benefits of a Home Warranty

A home warranty may be a good investment when selling your house.

Here are some of the benefits of selling a home with a home warranty:

• The seller does not have to pay for the warranty until the home sells and goes to settlement.
• If the home does not sell, then the seller never has to purchase the warranty.
• The warranty is in effect during the listing period, so the seller can use it if something happens prior to a sale or prior to settlement.
• The warranty is transferable to the buyer and is good for a one year period; the buyer can renew the warranty.
• The warranty covers most major systems in a house.  This includes appliances, heating and air conditioning systems, electrical and plumbing, water heaters, and such.  There is usually a limitation on roof coverage.
• The warranty frequently will overcome the buyer's concerns about older appliances and systems, which can save the seller from making expensive updates.
• The warranty gives the buyer peace of mind during that first year.  Frequently the buyer is cash poor after making a home purchase and does not have the ability to replace a major item.
• Even a house with newer systems can benefit from a home warranty.
• The warranty can distinguish the house from other houses, which can be very important in a competitive market.
• The cost is less than $500.

Contact Ron Trzcinski at 410-935-5844 or at ront@mris.com for more information.