HOME WARRANTIES - ARE THEY WORTH IT?
A Home Warranty is coverage on a home for unexpected repairs and breakdowns. Examples of such repairs include plumbing leaks, clogged drains, appliances that break down, furnace and air conditioner repairs, even garage door openers, ceiling fans and sump pumps. A yearly fee is paid, and a small deductible at the time of a claim.
When you list your home for sale, most Realtors® will recommend a Home Warranty. You may be so conditioned to not pay for “add ons” like warranties, that your first thought is NO. Let me share some reasons they are highly recommended:
* MARKETING EDGE FOR SELLERS. Buyers want all they can get, and will pick a home with a warranty over one without. Many buyers are cash poor after closing, so a warranty is a security blank “just in case” something breaks down.
* PEACE OF MIND for sellers and buyers. My home warranty coverage, if chosen by the seller, starts the day the home is listed! If you are selling due to financial difficulties in your family, a warranty will help YOU with unexpected repairs.
* LIABILITY. Homes sold with a warranty, statistically, have less litigation after closing.
Many people are turned off by warranties thinking they don’t ever pay claims, but I can tell you first hand they do pay and BIG TIME! Last year alone, Home Security of America paid over $788,000 in claims for Shorewest Realtors clients and customers, with the average claim being $226.
Home Security of America has such great coverage, many of my clients and customers renew after the first year. Last year, more than $237,000 in claims were paid on homes in the “renewal” phase. For homeowners to renew year after year, speaks to the value they get from the warranty or the peace of mind it provides!
If you are considering a home sale or purchase, a home warranty is just one way to protect your interests. I can share with you many others, if you contact me at Shorewest Realtors.
Rates are LOW, there is a lot to choose from, THE TIME TO BUY IS NOW!!
Posted by: 
Pat Tasker
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