What’s all this talk about Home Warranties?

With my twenty four years of experience in real estate, I can safely say that a Home Warranty is one of the best securities both buyers and sellers can have. Who pays for the warranty can be a negotiated item, but I recommend sellers to take one out before listing their home. Like Murphy’s Law, the minute you put your home on the market, unexpected repair issues arise, either while it is on the market or discovered during a Home Inspection.

A home protection plan is a service contract that covers the repair or replacement of many of the most frequently occurring breakdowns of home system components and appliances. It lets homeowners know they’re okay if something goes wrong with a covered item.

Home protection plans can cover a wide variety of properties, including single family homes, new construction homes, condos, vacation homes, townhouses, foreclosure properties and multi-unit properties such as duplex/triplex/fourplex.

Besides helping to take the worry out of purchasing a home with older systems and/or appliances, a home protection plan helps guard against potentially high costs of repairing or replacing items in case of a breakdown. Unexpected repairs can be expensive for most families. A home protection plan can help guard against some of the unexpected costs of home ownership.

HOW DOES A HOME PROTECTION PLAN WORK?

When a covered item breaks down, customers can request service online or by calling to speak with a trained customer service representative. After a service request is received, one of our approved contractors will contact the customer to schedule a time to diagnose the problem. A service call fee, per trade, is due when the service contractor arrives to diagnose the problem.Typically, once repair or replacement is complete, a follow-up survey will be sent out to measure your satisfaction regarding the service performed.

WHO DOES THIS PLAN BENEFIT?

For Sellers

1. Adds value to listings and may help homes sell faster
2. Improves marketability of homes
3. Distinguish listings from others on the market
4. Boost buyer confidence
5. Protect the covered system components and appliances while it is on the market
6. Remove worry about costly, covered repairs

For Buyers

1. Provide relief from unexpected, covered breakdowns
2. Bring an expedited repair process on covered items
3. Give access to the company’s network of qualified contractors
4. Make requesting service easy either online or over the phone — 24 hours a day, 365 days a year