A home warranty can provide an added layer of financial protection in the event that a covered appliance or home system suddenly fails.
The benefits of a home warranty don’t stop there. In fact, in a real estate transaction there are many reasons why each party can benefit from having home warranty coverage:
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Buyers Agent
How buyers agents can benefit by making sure every closing includes a home warranty:
Helps make happy clients
Increases opportunities for referrals
Decreases post-sale liability. If a covered item breaks down, the new homeowners can contact their home warranty company
Increases buyer's confidence in home purchase
Listing Agent
How listing agents can benefit by including a home warranty on every listing:
Helps make happy clients
Strengthens ability of listings to stand out in the market
Reduces risk arising from disputes involving broken systems and appliances
Decreases stress during the listing period. If a covered item breaks down, the home warranty company will take care of it
Increases opportunities for referrals
Buyer
How buyers can benefit from having a home warranty:
Protects budgets from costly repairs on covered items
Provides an easy, time-saving way to find service providers when a covered item breaks down
Provides the security of unlimited service calls and flexibility of 24/7 service requests
Protects covered home systems and appliances for a year or more after closing
Seller
How sellers can benefit from having home warranty coverage:
Protects against the hassle and reduced marketability that breakdowns can cause during the listing period
Protects budgets from costly repairs on covered items
Gives buyers the confidence to submit their best possible offers
Prevents the sale from being derailed or postponed if a covered item breaks down during the transaction
Predicting when a home system or appliance might suddenly fail is as difficult as predicting the weather. But when those unexpected breakdowns are covered by a home warranty everyone benefits.