I like home warranties for buyers and sellers. Call it guilt or whatever, I just sleep better knowing that my client only has to dish out a deductible if something bites the bullet early on in the transaction.
Most of the Virginia Beach real estate buyers I work with
often do not think about what "might" happen after moving in their new home. Not that they do not care, but many other
items weigh on their mind during the moving transition.
The bottom line is that some repairs can end up costing you hundreds if not thousands of dollars and the type of thing you do not want happening your first year in your new home. So here is how that Virginia Beach home real estate warranty can protect your nest egg from being tapped.
Previously I discussed the benefits of home warranties for buyers and sellers alike. There are many companies such as HMS, AHS, Old Republic to name a few. I use HMS warranties for my real estate buyers and sellers because they have a good reputation, product, and I personally know the local corporate representative. Being able to call someone if an issue ever occurs can be the difference with responsiveness, care, and solving problems.
What are the benefits of a home warranty?
An HMS Home Warranty helps home buyers avoid unexpected home repairs which are often extremely expensive. The warranty provides coverage against mechanical failures for major systems and appliances, coverage that is not provided by most homeowners insurance.
- Save Money - Customer pays only a standard deductible per service call, per trade, on covered components. Currently, that is $100.00 (subject to change). An HVAC repair or replacement could run you thousands of dollars in Virginia Beach.
- Leveraging the network - Their customer service center is available 24 hours a day, 365 days a year and provides access to a nationwide network of qualified contractors.
- Save with the Appliance Buyline® -Even if items in their home are running great, they may decide to remodel or upgrade. With the HMS Home Warranty they can take advantage of HMS' buying power and get great savings on brand name appliances. One call can save them up to 30% off and there is no limit on the number of appliances they can purchase!
- Never get locked out - They are covered for up to $50 per year for locksmith services if they get locked out of their home.
- More choices - Optional coverages are available for additional protection. Pool, multi HVAC units, spa, etc.
- Easily renew their warranty - They can enjoy the protection for as long as they own their home (eligibility subject to underwriting criteria.)
- Avoid Closing Delays - Minimize the chance that a system, component or appliance failure could delay closing. You do not have to pay for your home warranty until closing.
- New home advantage - Multi-year coverage is available for newly constructed homes.
- Industry Leading Workmanship Guarantee - Covered repairs are guaranteed for 180 days because at HMS it's their job to provide quality service and save our client's money and everyone likes that.
In short, a home warranty can give you piece of mind when buying your Virginia Beach, Chesapeake, or Hampton Roads real estate. Insist on it.
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