We Buy Houses Fast – Arlington VA: Lawsuits in real estate transactions often occur because a buyer moves in and finds something he wasn’t aware of. You sell the house, the buyer moves in, and you are already living 3 states away and have gotten on with your new life.

Summer comes along a few months later and the first time the temperature reads 85 degrees, the buyer turns on the air conditioning. Nothing comes out but warm air. Warm air is perfect for winter, but now is not the time and the buyer is upset. He calls in an expert who tells him it is shot and needs to be replaced. It will cost thousands.

At this point the buyer tracks you down and demands that you pay for the replacement. If you balk and don’t want to cooperate you could be sued. Since that takes lots of time and money, especially from a distance, you cave in and pay. You know the unit worked last summer and didn’t have any way of knowing it would break down. You could probably fight it and you might win, but it will cost you more to do so. You pay for the unit to be replaced because the most sense financially.

It could have been avoided if you had offered the buyer a homeowner’s warranty. They are inexpensive and are actually a good selling point. Buyers are more likely to choose a home that is under warranty than one that is not. The cost to you is minimal compared to the alternate scenario.With a homeowner’s warranty any appliance that is covered will be replaced by the insurance company. The buyer calls the warranty company instead of you if something goes wrong. This is well worth the $300 or so that the insurance policy costs. Most houses can be covered and buyers love this feature.Electrical systems, plumbing, heating and air conditioning, and other large and expensive appliances can be covered.

If any of the covered systems or appliances break, the buyer simply contacts the warranty company and notifies them. The company then sends someone out to repair or replace the unit.This may be one of the best things you can do when selling your house. It is a much better deal than moving away and hoping nothing happens. If it’s a home and someone lives there, lots of things can happen. You don’t want to be held financially responsible.

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