One way to increase your chance of a quick and successful transaction is the inclusion of a home warranty when selling a home. Learn more right here!
As a home seller, you want to sell your home as quickly as possible and receive the highest return on your investment. Let’s take a closer look at how offering a home warranty could help you reach those goals.
🏘️ Why offer a home warranty?
Most new construction communities offer a home warranty when a newly constructed house is purchased. You want to be able to compete with them when it comes to selling an established home.
📃 What is a home warranty?
There’s a difference between a homeowner’s insurance policy and a home warranty. It’s important to know the difference so that you can present the correct information to potential buyers.
A homeowner’s insurance policy is typically mandatory for buyers, but a home warranty is usually not a requirement. For this reason, adding a home warranty as an incentive is a selling point that offers the new buyer a cushion of comfort in case something goes wrong the first year.
💵 How much does a warranty cost?
While we can’t give you an exact price because of area factors, we can tell you that most policies cost between $300 and $500 for a year of protection. The cost of the policy may seem like an addition to the sale that you don’t need but considering that it could be an investment that helps seal the deal on a sale, it may be worth the extra money spent.
📲 Contact Brock Realty Inc.
🤔 How does a home warranty work?
The warranty company has authorized service providers that offer assistance when a homeowner calls about an item that has malfunctioned. Typically, the warranty holder pays a service fee for the contractor to arrive, but they do not pay for the services that are provided for the repair.
🕵️♀️ How do I find a home warranty company?
Choosing a home warranty company requires the same diligence that you would show when choosing any other service provider. Over the years, home warranty companies have received a reputation of being difficult to use, so you want to choose one that is highly rated and makes good on their promises.
Compare prices between companies and gauge what systems and appliances qualify for coverage, deductibles, and exclusions. Choose a warranty provider whose terms and coverage are both clear and affordable.
🤝 Offering a Home Warranty When Selling a Home
Offering a home warranty when selling a home is a great way to offer reassurance to potential buyers that you are invested in making sure they are not left with unexpected expenses. You’re sending them the message that you care about the quality of the home and property.