Are you planning to sell your home? If so, many real estate agents are going to recommend that you get a home warranty on the home. It can help you to increase the chances that you sell your home. However, you may be wondering what a home warranty is and how it can help you to increase the chances of selling the home. Here is a look at a home warranty, what it s all about, why home buyers like a warranty, and more.
What is a Home Warranty?
So what exactly is a home warranty? This is a special type of insurance. It covers replacements and repairs of systems and appliances in the home. This can include the air ducts, air conditioner, exhaust fans, the dishwasher, stove, and more. Sometimes the refrigerator or a hot tub may be covered as well. It s a lot like a homeowner s insurance, but this warranty is specifically covering any breakdown of the house systems or appliances.
What Do You Pay?
When you decide to offer a homeowner warranty, you don t have to pay for the replacement of repair of systems and appliances that are covered. You simply pay for the policy. There is only a fee that you have to pay for the policy. Then the homeowner will simply have to pay a very small feed to have the system or appliance repaired or replaced.
Easy To Find and Purchase
It s very easy to find and purchase a good home warranty. Sometimes you may have to have a home inspection done on the home, but it can be waived in certain cases. The policy you have will show which items in the home are going to be covered and the items that won t be covered.
Coverage Length
There are different lengths of home warranties that you can go with, but the length you choose will depend on what you want to pay for the warranty. Policies for one year are pretty common, but there are longer home warranties that are available too.
Why it Attracts Buyers
So, why does a home warranty attract buyers to your home? Well, buyers like to know that something isn t going to go wrong when they purchase the home and cost them a lot of money. The home warranty let s them know that if something does go wrong, they are covered for a certain amount of time. It just gives buyers a little extra confidence when buying a home.
If you are selling your home, it takes quite a bit to sell a home in the current market. However, a home warranty is one way that you can get the competitive edge when selling your home. Homes that are listed to include a home warranty are more likely to sell, they sell a lot faster, and they command better prices. So, it s definitely in your best interest to purchase a home warranty.
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