If you are selling your home yourself and want to put your prospective purchasers at ease, you might want to add a home warranty. The money you will spend to offer a home warranty (roughly $300-$500) will be well worth it in that it will make your home stand out from the rest. By doing this, you will be offering your prospective purchasers peace of mind in that they won’t have to worry about extra out of pocket expenses for major repairs or appliance replacements for the first year. Many home warranty companies allow homeowners to renew the policy and stay “insured” against any major system failures.
If you are buying a for sale by owner home, I would encourage you to insist on this being a part of the deal, although I wouldn’t let it be a total deal killer given the price range for most home warranties. The reason is simple; when you spend you hard earned money to buy a home (down payment and closing costs), the last thing you want is a “surprise” in the form of a dead air conditioning unit, furnace, or other major system which could set you back thousands. You might have a deductible, but it’s far less painful than putting out thousands of dollars for costly home repairs.
To get a free quote (for either a home buyer or seller) for a home warranty, visit American Home Shield today!
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