Benefits of a home warranty
There are plenty of benefits that come along with this type of coverage. A home warranty is a type of insurance plan that covers major systems and appliances in your home, such as plumbing and electrical systems, dishwashers, refrigerators, and more. It can help save you money on costly repairs or replacements should something go wrong – meaning you won’t have to cover those expenses yourself.
Home Warranty Coverage
A home warranty also provides peace of mind knowing that any issues will be taken care of quickly and easily by trained professionals. This can save time if problems arise since the issue will be resolved quickly rather than having to search for individual service providers who may not be available at the same time.
Finally, a home warranty can also boost your resale value when it’s time to sell your house as potential buyers will be reassured knowing they won’t have to pay out-of-pocket for expensive repairs or replacements should something go wrong after purchasing the property.
Overall, a home warranty can provide invaluable protection in the event of an unexpected breakdown – so it’s definitely worth considering!
Different home warranty companies
There are many home warranty companies out there. The top choices for many homeowners are American Home Shield, Choice Home Warranty, Total Home Protection, and First American Home Warranty. Make sure to do your due diligence and see what each company offers and protects against. Most home warranty companies will allow you to add additional coverages to your order also.
Whens the best time to purchase a home warranty?
The best time to purchase a home warranty is when you are buying or selling a home. This is because they can provide peace of mind that any unexpected repairs or replacements will be taken care of, without having to dip into your bank account.
If you are buying a new home, your realtor may be able to bundle the cost of the policy into the closing costs for the house. If you are selling the home, on the other hand, offering a home warranty may make your property more attractive to buyers and could result in faster sale times at a higher price point.
Even if you’re not buying or selling a home however, it can still be beneficial to purchase a home warranty if you don’t have an existing policy as it can cover costly repairs that would otherwise be out of your budget.
Can the home seller pay for the home warranty plan?
In some cases, sellers will pay for the home warranty when they are selling their property. The cost of the policy is typically added on to the seller’s closing costs, and can range from $350 to $600 depending on the coverage and deductible amount selected.
This cost may be split between the seller and buyer if they have agreed upon this in the purchase contract. Some buyers may also negotiate with the seller directly to cover some or all of the cost of their home warranty when buying a house.
Sellers should investigate different home warranty companies before signing an agreement, so that they understand all of their rights and obligations under the policy.
Justin Kress | Las Vegas Real Estate Agent
Whether you’re looking to buy, sell, rent or invest in a las vegas home today, I am here to assist you every step of the way!