There are pros and cons to a residential service contract but I always advise my sellers this is a prudent investment on their part and will be dollars well spent for their buyer at closing. It is common place in Austin, Texas for a buyer to request the seller to pay at closing a year warranty for the purchase of a service contract. the cost varies from $400-$550 (without additional pool coverage,etc.). The buyer even gets to choose the policy and company.
One of our listings closed last week. We just earned the distinction of the "hottest" summer in Austin ever recorded with 70 straight days of double digit temperatures. Everyone's systems are straining on overload and apparently the buyer found today their system is not cooling! Thank goodness for a warranty the seller provided for the buyer. Calling the warranty company first is a must as they will tell you the providers they will need to contact. Hopefully they will get a quick response and get cooled off as this weekend the temperature is expected to climb to 110!! My seller definitely sees the value and is thankful he paid for the warranty so his buyer is covered!!
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