How can a home warranty help me sell my home?
You need more than clever gimmicks to sell a home these days. To clinch a sale, many savvy home sellers offer home warranties. Buyers love them because warranties pay for certain home repairs for a year after the sale. Many sellers love them, too, because warranties help get the home sold – and may bring in offers closer to the asking price.
Typically, home warranties cover the repair or replacement of a home's heating, plumbing, and electrical systems and major built-in appliances. The cost often runs $350-$450, typically with a small deductible for each repair or replacement.
Shop For The Best Coverage
When shopping for home warranty coverage, compare the following:
- Required pre-warranty inspections.
- Coverage for appliances and systems.
- Deductibles and service fees.
- Dollar caps on total or individual replacement/repair costs.
- Limits on number of repair calls.
- Costs, including any initial or inspection charges.
