Home Warranty….should I have one?

By
Real Estate Broker/Owner with Asiyah Ali, Broker/Owner Live the Good Life!

I get this question from my many clients buying or selling a home in Atlanta, GA and decided it was time to blog about it. 

What is a Home Warranty?

Basically, a  home warranty is a service contract that covers the repair or replacement of many of the most frequently occurring breakdowns of home system components and appliances.

Is Everything in My Home Covered?

No. Not everything is covered; but most system components and appliances that breakdown frequently are covered.  Read your contract carefully to be sure you are clear on what is actually covered! 

Sellers - why do I need a Home Warranty?

Having a Home Warranty Service Plan can help your home sell faster!  Home warranties offer added value to listings by increasing buyer confidence AND helping the home stand out from the rest .  This is a competitive market!  Be different from the herd!

Buyers - Why do I need a Home Warranty?

Having a  home warranty helps protect your new investment and helps avoid high repair and replacement costs on covered items.  This can be a HUGE help, especially in the beginning!   

HERE'S THE GREAT PART!

For a limited time, I am offering a Free Home Warranty Service plan at closing to my buyer & seller clients!  If you or anyone you know is ready to buy or sell real estate, Contact Asiyah for details!

Asiyah I. Ali, Realtor - Keller Williams Realty - www.AsiyahAli.com - 404-939-4890

* Limited time offer, only good for buyer or seller clients who buy or sell property through Asiyah I. Ali, Realtor before October 31, 2009.  Home Warranty Service plan purchased on/at closing.  Agent reserves right to choose warranty plan & company and the right to discontinue this offer at anytime.

 

 

Comments (8)

Loreena and Michael Yeo
3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co. - Prosper, TX
Real Estate Agents

Having a home warranty is definitely a great thing for a seller. Items that are requested repairs by buyers are handled on a smaller expense. But for us here, the buyers decide whom they want as a home warranty company. So, if the seller had one, and if it's not a buyer's choice, it would just go to waste. Most home warranty companies do not work in giving refunds back.

Sep 01, 2009 02:49 AM
Diana Perez
Majestic Properties - Miami, FL

Most definetely always offer your clients a home warranty and its features and benefits. Some might look at it as more money coming out of their pocket but in the long run it is very well worth every penny invested.

Sep 01, 2009 02:59 AM
Bart Whitmore
Keller Williams- Louisville - Louisville, KY
Real Estate Agent

I really belive in the home warrenty for both buyers and sellers I have even wrote a couple of post on them myself---Bart

Sep 01, 2009 03:04 AM
John Cannata
214-728-0449 http://TexasLoanGuy.com - Frisco, TX
Texas Home Mortgage - Purchase or Refinance

Asiyah - This is a great idea! Every new owner should have a Home Warranty and you are offering that to them. Its a win/win situation for you and the buyer/seller. Good luck.

p.s. I found this post through Facebook/twitter.

Sep 01, 2009 03:16 AM
Jon Wnoroski
America's 1st Choice RH Realty Co., Inc. - Green, OH
Summit County Realtor

Hi Asiyah - I certainly agree with you on every point.  I always advise my buyers to get a home warranty (regardless if it is paid for by the seller or buyer).  It serves as added protection for things that can go wrong and provides "peace of mind" for the buyer.  I have had buyers who were thankful that they had a warranty with their purchase; certain items failed after they moved in and they were covered at minimal cost (they only had to pay the deductible).

Sep 01, 2009 11:26 PM
Tom Boos
Sine & Monaghan Realtors, Real Living - Grosse Pointe Farms, MI
Providing the very best of service to Sellers and

I think home warranties are great. . . for the "big stuff".  I generally tell my buyers to resist the urge to call for simple repairs that they could easily do themselves.  But, when the furnace goes-down or the air conditioning goes-out, that home warranty can save the homeowner a bundle of dough on repairs or replacement.

Sep 02, 2009 12:45 AM
Diane Donnelly
Keller Williams Flagship - Annapolis, MD
Anne Arundel County, MD Real Estate

I am not sure I would even sell a home as a buyer's agent without a warranty - especially in this market.  First time home buyers need to have all bases covered and often are found without additional money left over after closing.  At an average cost of $400, after one or two repairs, it pays for itself.  It is also often paid for by the seller.

Thanks Asiyah!

Sep 02, 2009 03:10 PM
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

I don't take rental properties that have home warrenties on them any more.  They may be beneficial to a homeowner occupant; however, there is NO incentive for a renter to stay at home to wait for a repairman who may or may not make the proper repair....investor owners should not pay these monies and should rely on a good home inspection at purchase AND budget for major system (hot water heater/HVAC) replacement out of rental income/reserves. 

Sep 05, 2009 10:14 AM