Twin Cities Real Estate News

A listing that offers a home warranty presents a win-win for all parties.  Sellers can use this attractive marketing tool to give buyers some added assurance and confidence in their purchase, by giving the buyers protection against failures in the home’s systems and appliances.Not all home warranties are the same, however, so sellers should be careful to educate themselves about the differences in cost, coverage, and policy owner feedback among the various companies that offer these contracts.  These warranties may cost between $250 and $500 for one year, but that investment is well worth the return when a confident buyer makes an offer.

Even if the seller does not offer such a policy, buyers are able to purchase one themselves, if they wish.  Visit websites such as homewarrantyreviews.com to check reviews and ratings with the Better Business Bureau. 

Also pay attention to what fees, if any, are charged for the service calls, and what exclusions may apply.  All warranties offer a “basic coverage” policy, and you can often upgrade to include additional systems and appliances that are not included in the core package.

Chances are that the listing agent and buyer’s agent will have a list of recommended companies that offer these warranties, and will have worked with many buyers and sellers in the past who gave them feedback.  Don’t be afraid to ask!