One Year Home Warranty
It's "Peace of Mind" for both the Seller and the Buyer
Did you know that sellers who provide a home warranty when selling their home, typically sell faster, attract more buyers and many times sell for more money?
It basically works like this. When a seller places their home on the market they have the option of purchasing a One Year Warranty.If they choose to do so, the home warranty company will; cover their home on certain items until the property actually closes. The best part ... there is no fee for this service ...until the property closes.
In the Macomb County area, home warranties range from $400 to $800, depending on the amount of the service fee/deductible you choose and the actual company. If a seller agrees to offer this service they can advertise this Feature to prospective buyers.
Then once the property closes the buyer's coverage starts and runs for One Year. The buyers typically have more items covered than the seller. Giving them peace of mind for at least the first year. They also have the option of purchasing additional items and extending the contract after one year.
However, if a seller chooses not to offer a Home Warranty, the buyer can still ask for it when making the offer to purchase or they can purchase it on their own.
There are several companies that offer Home Warranties. One of the companies we use is America's Preferred Home Warranty. Here are some Frequently Asked Questions about home Warranties.
Did you Know?
- Homes with warranties sell quicker!
- Warranted Homes have a higher selling price!
- Buyers prefer warranted Homes!
- There's No Obligation to the seller unless the home sells!
- Warranted homes reduce potential lawsuits.
- Warranted homes give confidence to buyers.
- Warranted homes have low deductibles
Information provided by America's Preferred Home Warranty **View Service Agreement and brochure of Rooms Realty Home Warranty.
How Comprehensive Is Your Home Warranty?
Check your home warranty policy to see which of the following items are covered. Also, check to see if the policy covers the full replacement cost of an item.
- Electrical Systems
- Water Heater
- Heating Ducts
- Water Pump
- Swimming Pool (may be optional)
** Please note service agreement and brochure posted may change at any time.