A few years before, home warranties were advertised as the warranties for buyers only. But now, these are available for both buyers and sellers. Even home owners who have not yet bought home warranties for their homes can buy them any time.
It is a known fact that the seller offers a home warranty as an incentive for buying the house. During the process of the sale of the house, the home warranty works well for the seller. This is because if , during the sale process, any home appliance breaks down, then the home warranty company takes care of it leaving the seller tension free. As a seller, you can buy a home warranty for one year and maybe you can buy it on the day of announcement of the sale. This is beneficial as you can enjoy the benefits of a home warranty even during the sale.
There are lot of sellers who feel that home warranties are not necessary as they find nothing wrong with the home appliances. But the functioning of the appliances can never be predicted and can go wrong any time. That can cause great loss especially during and immediately after sale. There are chances of the buyer suing the seller in such cases. Hence buying a home warranty is strongly recommended for sellers. Also, a house for sale with a home warranty definitely is more attractive to the prospective buyers.
Usually, the basic home warranties are available at about $400 with a deductible that ranges from $50 to $80. These basic plans cover home appliances like heating and cooling units, plumbing systems, electrical systems, ceiling fans, water heaters and garage door opener. If you want swimming pool and other equipments, then you will have to go for extra coverage.
Whenever, an appliance break down occurs, the home owner needs to call the home warranty company and not the technician directly. The technician reports to the home warranty company about the cause of break down determining if the repair needs to be covered or not. To be sure of the home warranty, you can always talk to your real estate agent for more advice. Read the contract very carefully and check what is covered and what is not. Read the reviews of the home warranty company and find out the customer experiences. Your real estate agent will be one of the experts regarding home warranty. It is very true that both buyers and sellers profit from home warranties. After all, it is the matter of your precious home and home appliances.
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