Home warranties today range in price from $375 to $500. When paying out fees for title, attorney, loan app, flood certification do I really need a home warranty? The answer is yes. The average home buyer is usually pressed to make their payments and have enough money to live. The last thing a young home buyer needs is an unexpected major appliance to fail. A furnace is $2000 and up same for an air conditioner. The $400 is a great assurance for a new home owner.

The other side of the coin is, more and more the courts are filled with litigation from consumers being taken advantage of. The best way for a seller to avoid any implication or impropriety is to offer a home warranty to the buyer. It will give you peace of mind.

Third, real estate agents, the purchase of a home warranty will protect you from further litigation and a great incentive to offer your buyers.

 
This post has been included in Illinois Information

5 Comments on Home Warranties Do I need one

SEP
25
2007
149,753 Points 9 Featured Posts Outside Blog
Here in Southern Calfiornia it is customary for the seller to pay for a home warranty.  It offers added protection for them, too.
11:20pm • #1
SEP
26
2007
104,117 Points 5 Featured Posts Outside Blog
I have only recently started to see home warranties offered in New York State. They make a lot of sense.
12:48am • #2
258,252 Points 77 Featured Posts Localism Sponsor Outside Blog
I have been putting home warranties on my listings for a long time.  They give me piece of mind.
5:16pm • #3
OCT
03
2007

Marlene~In Illinois it is negotiable as to who pays for the home warranty. Typically though it is taken from the sellers side of the RESPA.

Rosario~They do make a lot of sense. I am a little surprised they are fairly new to New York.

Maureen~Peace of mind is what this biz is all about. Good for you.

10:05am • #4
NOV
01
2007
858,768 Points 68 Featured Posts Outside Blog
It also can lower your E&O insurance. I've even been known to pay for it from time to time on a transaction.
6:40pm • #5

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Randy Lyon

Oswego, IL

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Kettley and Company

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