Well, unfortunately a Home Warranty is not FREE, but it is certainly worth every penny it costs. Our Home Team strongly recommends always purchasing a Home Warranty for any property you list and sell for a client or that you help your buyers purchase. For those of you who might be new to the business, a Home Warranty is a service contract that helps protect homeowners against the expense of unexpected repairs and replacements of covered major systems and appliances that break from normal use. Many home warranties will also cover the Seller during the entire listing period.
What does a Home Warranty usually cover?
- Electrical system
- Hot water heater
- Plumbing
- Central vacuum system, ceiling fans, ductwork
- Appliances (range, oven, cook top, built-in microwave, dishwasher, garbage disposal, trash compactor)
- Heating system
It usually does not cover items that are not "built-in", doors and walls, etc. though there are optional warranty "add-ons" available that cover a roof, air conditioning, pools, spas, etc. It normally excludes pre-existing conditions. The cost for a basic one-year home warranty ranges from about $300 to $500. It will give peace of mind to buyers, sellers and of course to the agent involved in the sale.
There are many reputable companies out there. Ask around your office for contact information, and pick one that comes highly recommended.
Carole Lhuillier
Keller Williams Realty
404-604-3912
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I haven't sold a resale home without a warranty since 1994. Once I left the mega broker and could make my own decisions, the warranty became standard with me. Sure, we try to get the seller to pay for it if they don't already have it on the house my buyers want. But, if we can't build that in to the deal, I pay for it.
Peace of mind and good public relations.