Home Warranty….should I have one?

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.

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

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.

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).

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.

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!

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.