Can a Home Warranty Entice More Potential Buyers?

Home Warranty

It is a fact of life that appliances and other home systems – like air conditioners, water heaters, and sinks – will eventually have to be repaired or replaced. And, depending on what is needed, the cost could set a homeowner back by three-, four-, or possibly even 5-figures.

But a home warranty can cover the cost of many of these needs. These protection plans are not the same thing are a regular homeowner’s insurance policy. Whereas homeowner’s coverage can protect your residence from unanticipated perils like theft, fires, and various natural disasters, a home warranty policy covers systems and appliances if they break – even if the need is due to age or normal wear and tear.

If there is an issue with a covered item or system, the homeowner just simply contacts the home warranty company and files a claim. After a technician has assessed the issue, a repair or replacement can then be handled – oftentimes for just the payment of a small deductible.

If you are planning to put your home of the market, you may want to consider obtaining a home warranty. Depending on the coverage, these plans can typically be bought for just a few hundred dollars per year.

Although a buyer can purchase a home warranty after they take ownership of the property, it is possible that you can make your offering more attractive by offering one as a component of the overall sale.

If you’re considering the sale of your home, now could be a good time to move forward – especially if you work with an experienced real estate professional who can put a definitive marketing plan in place.

So, if you would like to learn more about selling your home quickly – along with getting a no obligation valuation of your property – give us a call and we’ll answer any of the question that you may have.