Buy or sell your home with confidence. If you are buying a home, a home warranty protects you from repair and replacement costs on your new home's major systems and appliances. If you are selling a home, a home warranty may help your home sell in less time and for more money.
Benefits Of A Home Warranty
Home warranties offer valuable repair and replacement protection on major home systems and appliances including:
- Air conditioning
Home warranties repair or replace the mechanical systems and major built-in appliances that may break down due to normal wear and tear for up to one year. Most plans are renewable annually.
Advantages for Buyers
Buyers are protected from unforeseen repair and replacement costs. The term is usually for one year after the purchase of a home. During this time, the typical customer uses his or her warranty plan an average of 2.3 times.
Advantages for Sellers
With a warranty plan, the seller and his or her agent carry a reduced liability for any unforeseen problems that may occur both while a home is for sale and after it is sold. By including a home warranty plan, the seller makes a statement of confidence that can strengthen the home's asking price and reduce marketing time.