I've had buyers ask me why they would want a home warranty, and it seems more at the lower price point and As Is properties, where, frankly, I would think the protection offered my a home warranty would be a tad more tangible.
It's really simple: it's an insurance policy for your home's appliances.
Literally, depending on the policy, it can cover:
- Water Heater
- Kitchen appliances, including garbage disposal
- HVAC system
- Garage door opener
- Plumbing stoppages and leaks
- Swimming pools
You pay a trade service call and place your repair request with the home warranty company, instead of calling your AC guy. I just placed two service calls for my heating system and my garbage disposal.
I've already had my HVAC inspected: it needed a capacitor, and will need a coil as well as a few pound of coolant; all told, without the home warranty, I could have been looking at $2000 out of pocket to repair the system. it's the original system, so then the consideration would have been for $3000 more, I could get a whole new system.
Inform your buyers of the home warranty options available as well as your sellers - it just makes sense!
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