Tampa Home Warranty FAQ

In today’s real estate market, it’s helpful when homeowners add incentives to sell their Tampa homes. Incentives may include paying a portion of the buyer’s closing costs, reducing the sale price or offering a home warranty.

Many sellers and buyers are unaware of the advantages of home warranties, so below are answers to some frequently asked questions about home warranties:

• What is a home warranty? A home warranty is a policy that covers the repair or replacement of home systems and appliances. They are typically annual policies that can be renewed and usually cost between $250 and $500.
• Who pays for a home warranty? Either the seller or the buyer can pay for the home warranty, but sellers usually cover the cost as an incentive for selling their Tampa home. Sometimes real estate agents offer home warranties as a closing gift.
• What is covered? This will depend on the terms of your warranty. Most warranties cover the air conditioner, dishwasher, furnace or heating system, water heater, ductwork, garbage disposal, inside plumbing, electrical systems, range and oven, and telephone wiring. Check with your home warranty for your specific coverage.
• What is not covered? Again, this will depend on the terms of your warranty. However, most warranties do not cover outdoor sprinklers, certain faucet repairs, refrigerators, washers and dryers, garage door openers, spas, and pools. Check with your home warranty for your specific coverage.
• How do I file a claim? If you have to file a claim, contact your home warranty company. They will call a service provider who will set up an appointment. You will have to pay a small service fee that is usually less than $100.

Are there negatives? Of course. One of the biggest is that you are required to use their service people. Your air-conditioner goes out on a Friday and the home warranty company tells you the AC service person will be there on Tuesday. Since it is 95 degrees, you call around and find you can have someone there in a few hours, but the home warranty will not cover them. Do you pay for the service call and repairs now, or wait for a few days until the home warranty company sends their service person?

Want to buy a Tampa home that comes with a warranty? I can help.  Call me today at 813-469-3163 or email me at Jeff@MakeTampaYourHome.com.