Should you buy
a home warranty for your Mountain Cabin?
Offering a Home Warranty Can Be a Great Investment for a Seller
Home warranties are a desirable option for sellers to consider offering
when they are trying to sell their homes. A home warranty provides
a safeguard for buyers of a new or pre-owned home which promises that
certain
things will be fixed within a specified period of time should they
break down and/or need repair. There are many reasons why selling your
home
with a home warranty attached might be a great thing to do and the
reassurance which it provides to
buyers is the most important reason of all.
Reassures Prospective Buyers
A home warranty is a wonderful tool which reassures buyers that they
are buying a sound home and should anything go wrong with certain aspects
thereof, their problems will be solved. In fact, in 2003 it was stated
that approximately 71% of realtors recommended home warranties as was
stated by unpublished figures from the National Association of Realtors
member profiles. This impressive figure just goes to show how highly
a home warranty is regarded, especially by active members of the real
estate profession.
Inexpensive Sales Tool
Home warranties are also quite inexpensive when considering how valuable
they are. When selling your home, if you purchase a home warranty for
approximately $300 to $500 per policy, you are providing the product
for the buyer of the home which will make the sale even that much more
attractive.
Although the exact price of the policy will vary from company to company,
most policies exist in this price range. By simply adding the home warranty
to the deal, one may double their odds of an offer right away.
Home Warranty Providers
There are quite a few companies which offer home warranty products to
the general public. Instead of recommend a certain one, I recommend you
do some internet research and find a company that ranks well with homeowners
who have used their services. One such site is http://www.homewarrantyreviews.com
however there are many sites. Once you have narrowed down to two companies
do a search for that specific company such as “(Warranty company
name) reviews” and spend a few minutes to protect yourself from
the wrong company. That way you can rest assured when it comes time to
use your plan it will actually work for you.
Safeguards for the homeowner
Review and check the warranties carefully - read the contract to see
what the plan provides in respect to parts, labor and replacements, what
are the items covered and what the per service deductible amount is.
Based on the condition of the major systems you may want to take optional
coverage for those systems if not already on the basic plan. Most warranty
companies do not require inspection, however all covered components must
be in proper working condition at the time the coverage goes into effect.
Most warranty companies work with a pre-qualified network of contractors
and service providers. With most warranties there is no waiting period.
Contributing author: Colorado's Louisville
real estate specialists --
Automated Homefinder.
Buyer's Agent a better choice!
The Listing Agent, unless specifically disclosed
otherwise, represents the seller in any transaction for the sale of
a home. It is that
Agent's fiduciary duty to protect the
seller's position at all times. No matter what they tell you their
loyalty will lie with their selling clients. That is why you want an
agent with experience like Gary
Ward to represent YOUR interest as a buyers agent when buying
a home.
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