Home Selling Tip #3- Get a Home Warranty
Anchorage Real Estate
One way to certainly stand out from other homes on the market is to include a Home Warranty as part of the sale of your home. Home Warranties cover buyers for one year, starting from the date of recording, for heating, electrical, plumbing, and appliance failures. Statically, a home will experience 2 mechanical failures per year.
Another reason to have the home warranty is because you, the seller, are also protected during the period of the listing until the home sells. If you experience a mechanical failure that's covered under the home warranty, you would have to pay your deductible ($50 or $100) and the home warranty would cover the defect. Pretty cool, huh?
Information from the HSA Home Warranty Site:
As a Seller
You're protected while your home is on the market. Mechanical system failures are covered during the listing period for up to one year - you simply pay a low deductible.
You have a marketing edge. An HSA Home Warranty can help sell your home faster and closer to your asking price. The warranty enhances your home's value to prospective buyers and helps secure the best possible price for your home.
You're helping prevent post-sale disputes. If an unexpected failure occurs in your home after the sale, the buyer turns to HSA for the resolution instead of you.
As a Buyer
You're prepared for the unexpected. The cost of repairing or replacing appliances and systems in your home can be budget-breaking, especially when you've just purchased a new home. You know they can't last forever, so you need to plan ahead.
You save yourself time and keep it simple. An HSA Home Warranty provides the convenience of one source for most repair needs. Prompt, reliable service is available 24 hours a day, 7 days a week.
You're protected year after year. An HSA Home Warranty is renewable annually, so you're always prepared for the unexpected.
***With this protection, you're not just offering buyers something of value, you could potentially save yourself a lot of money.
If you are looking for a reputable Real Estate Licensee in Anchorage, contact the Homes by Vanna Real Estate Team 907-720-4663 today for a Free Market Analysis of your home!
Home warranties reduce liability for sellers, real estate agents and even the home inspector. Not to include a warranty is foolish considering a modest fee of around $500.00.
However, the warranties do have limitations and many exclude pre-existing conditions. As a result, the fine print on the warranty contract needs to be read and understood by both the seller and buyer. The seller must also be reminded that the warranty is not a substitute for true and honest disclosure of negative property conditions.
Glen, you're right, it is silly to not purchase a home warranty, for a fee of less than $500.00. And you are absolutely right that Home Warranties do not cover pre-existing conditions. That's another important reason why home sellers should get their home warranty coverage application in ASAP and not after the home inspection.
Glen, you're right, it is silly to not purchase a home warranty, for a fee of less than $500.00. And you are absolutely right that Home Warranties do not cover pre-existing conditions. That's another important reason why home sellers should get their home warranty coverage application in ASAP and not after the home inspection.
Glen, you're right, it is silly to not purchase a home warranty, for a fee of less than $500.00. And you are absolutely right that Home Warranties do not cover pre-existing conditions. That's another important reason why home sellers should get their home warranty coverage application in ASAP and not after the home inspection.
Glen, you're right, it is silly to not purchase a home warranty, for a fee of less than $500.00. And you are absolutely right that Home Warranties do not cover pre-existing conditions. That's another important reason why home sellers should get their home warranty coverage application in ASAP and not after the home inspection.