Home Warranties Do I need one

By
Real Estate Agent with Kettley and Company

Home warranties today range in price from $375 to $500. When paying out fees for title, attorney, loan app, flood certification do I really need a home warranty? The answer is yes. The average home buyer is usually pressed to make their payments and have enough money to live. The last thing a young home buyer needs is an unexpected major appliance to fail. A furnace is $2000 and up same for an air conditioner. The $400 is a great assurance for a new home owner.

The other side of the coin is, more and more the courts are filled with litigation from consumers being taken advantage of. The best way for a seller to avoid any implication or impropriety is to offer a home warranty to the buyer. It will give you peace of mind.

Third, real estate agents, the purchase of a home warranty will protect you from further litigation and a great incentive to offer your buyers.

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Rainmaker
237,971
Marlene Bridges
Village Real Estate Services, Inc. - Laguna Hills, CA
Laguna Homes|Laguna Condos|Laguna Real Estate
Here in Southern Calfiornia it is customary for the seller to pay for a home warranty.  It offers added protection for them, too.
Sep 25, 2007 04:20 PM #1
Rainer
104,204
Rosario Lewis
DDR Realty - Newburgh, NY
GRI, SRES - DDR Realty - Orange County, NY
I have only recently started to see home warranties offered in New York State. They make a lot of sense.
Sep 25, 2007 05:48 PM #2
Rainer
463,641
Maureen Francis & Dmitry Koublitsky
Coldwell Banker Weir Manuel - Bloomfield Hills, MI
Coldwell Banker Weir Manuel
I have been putting home warranties on my listings for a long time.  They give me piece of mind.
Sep 26, 2007 10:16 AM #3
Rainer
22,413
Randy Lyon
Kettley and Company - Oswego, IL

Marlene~In Illinois it is negotiable as to who pays for the home warranty. Typically though it is taken from the sellers side of the RESPA.

Rosario~They do make a lot of sense. I am a little surprised they are fairly new to New York.

Maureen~Peace of mind is what this biz is all about. Good for you.

Oct 03, 2007 03:05 AM #4
Ambassador
2,136,411
Respect Realty LLC
Respect Realty LLC - Milwaukie, OR
Brokers - Oregon / SW Washington Real Estate
It also can lower your E&O insurance. I've even been known to pay for it from time to time on a transaction.
Nov 01, 2007 11:40 AM #5
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Rainer
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Randy Lyon

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