Should Home Sellers Get Home Warranty Coverage?
The housing market can be quite a competitive place. When selling a home, it is always advantageous to have a competitive edge. Home warranty plans are not only beneficial for home sellers, but they also provide important protection.
Home warranty coverage doesn’t just protect homeowners, but it also protects and helps home buyers and sellers. A home warranty plan, or home service agreement, provides coverage for unexpected repair bills or replacement of belongings that are covered under a home warranty plan that would not normally be covered under their home insurance or manufacturer’s warranty. A home warranty plan can be beneficial for both home buyers and sellers.
Attract Home Buyers
Home shoppers often look for homes that are protected. If they know there is a transferable home warranty plan that is included with a sale, they will feel more secure in buying a home. Basically,home sellers can use home service agreements as an extra incentive for prospective buyers. The home buyer will not only own the home, along with their home insurance, but they also take over the home warranty. It is a way for a home seller to stand out from other homes on the market.
Protects Home Sellers
For home sellers, home warranty coverage is protection from unexpected repairs of major appliances during the listing period. It also reduces any pre-close problems associated with the home inspection during the real estate buying process.
What Does Home Warranty Coverage include?
Homes with an existing home warranty plan usually sell faster than homes without a plan. Home warranties cover a range of appliances and systems. These can include, but are not limited to:
- Central air conditioning and heating
- Interior electrical
- Water heater
- Washer and Dryer
- Garage door opener
- Ceiling fans
- Plus More…
It’s also possible to add-on coverage for plumbing, interior electrical, water/sewer lines, central heating/cooling, well pumps, electronics, and much more!
Note: The coverage for appliances and systems listed above may vary among warranty companies. Home sellers should check to see if their warranty plan covers all the major appliances and systems they want covered.
How Home Warranty Coverage Works
When a claim is filed by a warranty holder, the provider will confirm if the broken device is covered under the plan. If the issue is due to normal wear and tear or mechanical failure and is a covered item, then the appliance or system will be repaired or replaced within the terms and conditions of the plan. If covered, the company will arrange for a licensed and local technician to make a repair visit to the home. The technician will make the repair. However, if the device is deemed beyond repair, and the company approves, the device will be replaced. Also, a warranty company may provide an allowance towards replacing the item in accordance with their terms & conditions.
One of the main reasons for buying a home warranty is you can save hundreds of dollars on repairs. ARWHome customers experience excellent, quick responding customer service, which is available 24-hours-a-day, 7-days-a-week. You can speak with a live customer service representative located in the USA. Home warranty coverage also includes immediate service for emergency issues, and we will respond to a request for service within 24-48 hours. Customers can select their own service providers or choose between our larger network of licensed, pre-screened and pre-qualified technicians. As well, there are no long-term contracts so you may hold a policy for as little or for as long as you would like. ARWHome warranty coverage is ideal for both home buyers and sellers.