Do I Really Need a Home Warranty???

Reblogger Gary De Pury, ESQ.
Real Estate Attorney with Bay Vista Realty BK671311

I commented on the original and then decided that this really should be a reblog. 

 

Here is my story....................

I always made it a point to sell home warranties....one day one of my clients called me really angry about the home warranty that I had sold him. It seems that his dishwasher broke and they didn't fix it.

I was shocked, I asked what the reason was, he said that his warranty had expired and even though the dishwasher had obviously been broken for months, they refused to repair.

I asked "months" why didn't you call when it broke....his answer....the tenant never told him!

Um, you didn't hire me for property management, hired another company, have an idiot tenant and that is the fault of the home warranty company and me?????????????????

 

As a guy who specializes in Short Sales we often encourage a home warranty, but there has to be some personal responsibility.  There has to be a point where the ruber meets the road and frankly, well.....he should have just hired me in the first place for the management too.

Original content by Stacey Smith 01845411

I had a client who was buying a bank owned home, and as we all know a good majority of banks will not pay for a home warranty, so my clients asked me if having one was really necessary this is how I answered.

Mr. and Mrs. First time Homebuyer,

To answer your question honestly, it's not completely necessary for you to get one. It is entirely your choice, but I would highly recommend you consider it, with this being a bank owned home and they don't warranty anything it would be very wise for you to get a home warranty for that added protection. Think about it this way, once the summer months come around, it starts getting in the triple digits and you turn your A/C on, uh oh the A/C isn't working, instead of paying around $500 $600 for someone to come out to completely repair your A/C unit, with a home warranty you pay a minimum deductable, and they fix it and that is that.. You do have to renew the premium every year, that is if you wish to continue to warranty the home, but for the first year, I would highly recommend it. Please let me know what you decide so I can let escrow know so we can get the home warranty ordered as soon as possible if that is your decision.

Thanks,
Your All Knowing Realtor =)

 Stacey Smith
The Homefinding Center
949.350.8922
 

I help buyers find homes and sellers sell their current home and assist with relocation in Corona, Yorba Linda, and Anaheim Hills. Neighborhoods I specialize in include Eastlake, Eastlake Village, Kerrigan Ranch, Terra Linda Estate, Travis Ranch, Vista Del Verde in Yorba Linda. Nohl Ranch, Parkside, Peralta Hills, Rimcrest Villas, Running Springs, Summit Hills, Westridge Estates, Yorba Regional Park in Anaheim Hills. Eastvale, Eastvalle, Corona Hills, Coronita, Dos Lagos, Down Town Corona, Eagle Glen, El Cerrito, Ethomeloan, Glen Ivy, Green River, Horsethief Canyon, Inland Empire, Lake Hills, Mountain Gate, Parkview Estates, Sierra Del Oro, South Corona, Sycamore Creek, The Retreat, Trilogy, Villa Corona, and Wildrose in Corona.   

     

    

 

Please Allow Me To Assist You and Your Family in Finding The Perfect Home As Your Real Estate Agent!

 

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Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

That is a riot. 

I personally have not sold a resale home without a One Year Home Warranty since 1994 when I left the mega broker. 

I place a warranty FREE to my buyers at settlement.  It's just good business and very good risk reduction. 

For me, it's a good promotion.

Jan 30, 2011 10:12 AM #1
Rainmaker
796,772
Robert Rauf
HomeBridge Financial Services (NJ) - Toms River, NJ

of course it is your fault, didnt you polish off that crystal ball??? We hear so many stories about things breaking and clients being unhappy.  it is pretty inexpensive insurance for that first year when money is usually the tightest!

Jan 30, 2011 10:16 AM #2
Rainer
80,896
Gary De Pury, ESQ.
Bay Vista Realty - Land O Lakes, FL

The thing is this client still buys and sells through me, but hires a family member to "manage" the properties.

Live and learn......His tenant didn't say anything about the dishwasher, so it went until the tenant moved out.

 

Gary De Pury, SFR

Jan 30, 2011 10:19 AM #3
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Gary De Pury, ESQ.

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