If you were a homebuyer, you would want to make sure that the property you bought stays in shape for at least a year.
This makes it attractive to sellers and homeowners alike.
This is a good selling strategy, as this helps attract buyers.
The real estate agents are even using the warranty or home protective plan as token for their buyers.
The home warranty benefits: First, let us first understand what the warranty is about.
This covers the essential devices at home.
Some of these are the water heater, heating system, dishwasher, garbage disposal systems and more.
There are several reasons why having the said warranty is beneficial.
For sellers, this helps attract buyers.
This is a major advantage because there are very few buyers in the market today.
Buyers are more confident to purchase a home with warranty because they do not have to worry about repairs or replacement.
This will also prevent unexpected expenses for homeowners.
Such expenses can derail you of your monthly budget.
The warranty can protect you from this.
Who will pay for it? In today's market, the seller would normally offer the home warranty even before the buyer makes an offer.
However, this is not part of the obligation of the seller.
This is why you have to be mindful if the warranty is part of the home purchase or not.
When not offered during home purchase, the buyer negotiates its inclusion in the purchase contract.
It is easier for the buyer to ask this from the seller because of the difficulty of finding a buyer today.
Plus, the seller would most likely consider this because of convenience.
Choosing a home warranty provider: In order to have the best coverage, you have to assess the needs of your property first.
After that, find a good provider.
It would be ideal to compare rates and prices of different warranty companies.
Look for the company that covers the most at the most affordable value.
Review the plans to be certain of their coverage.
Read the conditions as well.
However, the rates and coverage should not be your sole basis.
You should also check the company itself.
Will they be able to provide you with the services you need right away? Can they replace the devices when needed? Is the company financially stable? The warranty is not good if the company fails to deliver the services covered in your policy.
There are several benefits of home warranty.
Homebuyers find this helpful because they can rest assured that any problems on the house will be resolved right away.
The buyer does not even have to pay for it.
During negotiation, he can request such from the seller.
Most sellers do not need to be told as they present this as part of the package when a buyer makes an offer.
But whether the buyer or the seller pays for it, what is essential is that the parties get the most suitable home warranty for the house.