But be cautious. We also had a problem - we thought - with leaking hot water pipes under the house. The warranty company sent their contracted plumbers who said that was indeed the issue, and we'd have to repipe the ENTIRE house either by tearing up our hardwood floors and going under (sob), or by running piping through the walls and around part of the exterior and covering (double-sob). Got a second opinion from a recommended, trusted plumber, and discovered was actually an overactive hot water pump that could be fixed with a $20 timer.
Given our two experiences, would say that the warranty was worth it...just don't be afraid to get a second opinion from a non-warranty company if something seems fishy to you.
Mention this question to your agent, maybe they will pitch in with the cost. Or if you are still in your negotiation period, ask the seller to cover this cost. They may not since it wasn't originally requested when you wrote the offer, but if you don't ask, you won't know!
On the other hand I've had clients get their moneys worth when an old water heater or furnace goes out.
And some buyers just feel more comfortable having a warranty for the first year and they will call in several smaller items and feel it is worth it. I've noticed that the sellers coverage I use does not include fridges, so maybe that's a common item to stop working when a house sells!
A home warranty might be a good option to consider. In some instances and for covered reasons, it could provide you with some cost savings with any future issues. I think the overall condition and age of the home should be considered in making a determination. Also, you might want to see if any of the systems, appliances, etc...may have their own warranties. I would recommend you take a look at the various policies and their coverages, including service call fees and in particular, what is and isn't covered under the policies.
Best of luck and congratulations on your new home.
Does it come with any warranties; HVAC, Roof, Appliances, etc?
How old are those things?
Would it hurt you to self-insure?
I recommend it in the right circumstances.
Understand that we don't make anything off of it.
Good luck and may God bless
RE/MAX Realty Affiliates
1320 Hwy 395
Gardnerville, NV 89410