When a buyer is presenting an offer to purchase real estate, they are faced with the decision of whether or not to purchase a home warranty.
A warranty will guarantee that certain aspects of the home will properly function for 1 year. Unfortunately, you can’t go back in time after an unexpected problem occurs. By reading this article, hopefully you don’t need to ask yourself,
“Should I purchase a home warranty?”
As the buyer a home warranty offers peace of mind. Items typically covered by this purchase are ceiling fans, cooking range, dishwashers, electrical wiring, garage disposal, plumbing systems, water heaters, microwave ovens, and heating systems. They typically don’t cover pre-existing problems. A buyer should do a proper due diligence to verify full functionality before closing on a purchase of real estate. Click link to get best home warranty company
These warranties don’t cover items covered from homeowners insurance such as a fire.. Home warranties don’t cover all areas of a home. However, you can make extra monetary investment to cover additional items that you deem necessary.
As a seller, offering a warranty encourages more buyer activity. From a buyers perspective, it’s builds belief knowing that a sellers stands behind their appliances and the integrity of their home. Purchasing a home warranty is inexpensive and will lead to buyer confidence.
One of the most challenging steps in determining coverage is determining your provider. It’s important to research your options and get customer feedback to ensure legitimacy and quality customer service. One of the main reasons there seems to be negativity towards home warranties is because a homeowner wasn’t aware that certain conditions weren’t covered. Nobody is perfect and the same applies for Home Warranty companies. There should be enough evidence out there to find reputed companies with good ratings.