ow that the real estate companies that offer seller's
market is cooling somewhat, warranties at no cost to their
you'll more likely to find sellers during the home's listing
your competitive home sellers period, such as Home Warranty of
offering a seller's warranty. But America, but the most agencies
what exactly is a seller's require their sellers to pay for
warranty, and how can it help? the warranty if it's something
they'd like to offer potential
Seller's Warranty buyers--with the cost often built
into the sales price.
In short, a seller's warranty
provides added assurance that any Home Buyer's Warranty
repairs to major appliances,
plumbing, and other home systems A similar home warranty can be
will be covered by the seller purchased by buyers, as well. The
within a specified time period typical $300-400 cost is similar
after the home is purchased, to what a seller would pay for
excluding a typical deductible of similar coverage, and a buyer's
$50-60. Seller's warranties are warranty covers the same things
always offered by builders of new as a seller's warranty. The main
homes, but they're becoming difference is that a buyer's
increasingly popular as sales warranty typically begins on the
tools for older homes, as well. date of closing and continues for
For the seller, the cost is about a one-year period after that.
$300-400, but it can be well Another difference: the buyer's
worthwhile, especially if it warranty can be renewed annually.
means a quicker sale of their
home.
Besides Home Warranty of America,
There are some real estate there are a number of other
companies that offer home ones are available in your area,
warranties for sellers and what they specifically cover,
buyers. Those companies include: their overall cost, the amount of
2-10 Warranty, American their deductible, anything that
Millennium (which offers a policy might be excluded from the
to specifically cover hidden program, and any other variables
structural or pest damage to a before you commit. Remember, you
home), and Home Warranty Plans, can offer the warranty, but if
but you'll probably find others you consider an offer less than
if you do an Internet search or full price, you can ask the
check with your local real estate buyers to provide their own
broker. warranty.
As is the case with any consumer Providing this service adds to
product or service, it's always your home's overall appeal to
wise to do some research before home shoppers. A home warranty
you decide whether a seller's or gives your home buyers the peace
buyer's warranty is something you of mind they seek.
want to consider. Then, if you've
decided that such a warranty is Copyright © 2006 Jeanette J.
worthwhile in your particular Fisher. Publish with active links
situation, make sure to compare only.
the various programs to see which
About the Author:
Jeanette Fisher, author of interior design, real estate investing, and home staging books teaches home sellers five ways to get more money from their home sale. Home Staging Free home seller's reports http://sellfast.info
Read more articles by:
Jeanette Joy Fisher
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