Home Warranty Worth It's Weight In gold!

By
Real Estate Agent with RE/MAX Elite

 Brentwood TN Real Estate

 I don't know about you, but I always encourage my buyers and sellers in Brentwood TN to get or give a home warranty. They save you more than you would ever imagine. I like First  American Home Warranty. I have their warranty on my own home, and today it paid for itself several times over. I had the HVAC repair man out for the second time in 2 weeks and it was discovered that I basically need a new unit for my downstairs. That is approx $4,500 to replace the Trane I have. The Home Warranty pays all except $800. You can't beat that with a big stick! They replaced my dishwasher last year and the stove as well. I paid $405 for each years coverage, from where I am sitting tonight it seems like a bargain! Do you have a home warranty? Do you recommend them to clients? Which one or ones?

I don't really see a draw back here, if you know of any please share!

Vanessa Stalets

Brentwood TN Real Estate

RE/MAX Elite
615-957-6333/615-661-4400

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Rainmaker
53,867
Ryan Bretzel
Keller Williams Premier - Stillwater, MN
I think that is always a sticky subject.  As you know it is basically an insurance policy.  If nothing breaks down with in a year it isn't worth it.  If the mechanicals and appliances are new I don't recommend it.  We have HMS warranty here in Minnesota.  They are pretty big.
Apr 17, 2008 02:51 PM #1
Rainmaker
284,767
Gene Allen
Fathom Realty - Cary, NC
Realty Consultant for Cary Real Estate
Yea its a flip of the coin.  Of course I like them because if anything breaks they call the company not me. 
Apr 18, 2008 09:42 AM #2
Ambassador
448,073
Deb Brooks
Brooks Prime Properties Wichita Falls Texas - Wichita Falls, TX
Vanessa, My daughter and her husband recently purchased a pre-owned home and then moved all 7 (seven) of them in. Everything started breaking down from the air conditioning to the plumbing to a leaky upstairs bath. Thank heaven for American Home shield. Later in the rain~Deb
Apr 24, 2008 12:35 PM #3
Ambassador
1,885,137
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth
Vanessa, I am a fan of these service plans too. Just a little extra insurance for rainy days.
Apr 24, 2008 12:41 PM #4
Rainer
11,604
Erol Kartal
Schaumburg, IL

Home warranty's are great but the do not cover all repairs/parts that may be needed. I've asked several of these companies to provide with repair exclusions and they have refused. You can't buy a full blown all inclusive warranty for $20. I make it real clear to my client's that it's free but has certain restrictions.

Home Inspector Chicago Suburbs

Apr 29, 2008 02:33 PM #5
Rainer
15,175
John Topa
First Sunrise Mortgage - Scranton, PA
I think it just adds to the marketability of the property.  Pretty good idea.
Apr 30, 2008 02:00 AM #6
Rainmaker
4,432,583
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel
I always recommend a home warranty to buyers and sellers. It gives peace of mind.
Apr 30, 2008 02:07 AM #7
Rainmaker
320,361
Kathy Torline
ERA Herman Group Real Estate - Colorado Springs, CO
Colorado Springs Real Estate Blog 719-287-1049
I also always recommend a home warranty.  I work with alot of first time home buyers who are cash strapped.  The Home Warranty definitely gives them some comfort to know that things are covered.
Apr 30, 2008 10:11 AM #8
Rainmaker
184,657
Christina Cavins
Irongate Inc. REALTORS - Centerville, OH
www.BuySellOH.com Search Ohio Homes For Sale

I'm guilty of giving home warranties as closing gifts in the past because from my PERSONAL experience they are valuable. You may want to check out my post as well "Is a Home Warranty Worth It?"

Happy Selling,

Christina

Jul 09, 2008 05:03 PM #9
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Vanessa Stalets

REALTOR, Brentwood TN Homes, Real Estate
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