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Real Estate
Glossary
Why Is This Info Free? |
Why you should get a Home Warranty?
1. Home Warranties offer a cost-effective way to make your
home more attractive to buyers.
- Gives your property a competitive advantage over similar homes that
don’t have such coverage.
- Helps you obtain the best price and a faster sale by reducing buyer
fears (Typically 3% closer to asking price and 15% faster.)*
Therefore, the warranty pays for itself with higher offering prices.
- Adds credibility to your property condition statement regarding the
condition of your home and minimizes debates over price reduction.
Emphasizes your pride of ownership.
2. Home Warranties help safeguard you against contract
entanglements.
- Minimizes the risk of mechanical problems killing a transaction before
closing or, worse yet, resulting in a lawsuit after the sale.
3. Home Warranties provide coverage, while your home is
on the market, to protect you against sizeable repair bills
before you leave.
- You pay nothing for coverage until the home sells, even if you have a
claim.
* According to the National Association of
REALTORS® research.
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