As a home seller, it gives you peace of mind that if anything breaks before the sale you will not have expensive repairs in a home you are about to get rid off. And as a buyer, it gives you security that you will not have costly expences for the first year after a purchase. Plus you can continue to renew it as long as you want. Was this answer helpful? If so please click on the "green thumbs up" or the "best answer".
Home warranty is often offered by foreclosure lenders - and it is free.
Take it, when offered for free. If buying it yourself, shop around.
If offered by seller, see if the price is lower without it, then buy your own.
Hope this helps,
Beachfront Realty, Inc.
Any type of insurance is a good thing when the time comes that you need it.....
There are any number of "home warranty" companies out there that offer a wide variety of services. Knowing there is always a deductable and you must contact them first before the service is provided, and being familiar with the "small print" is always advisable.
Should you consider these programs? ABSOLUTELY
Do you need a warranty program? Not at all...especially with newer homes. If you purchased an older home that could have problems, it probably would be a good idea to consider these services. Be sure to understand what is and is not covered from the beginning....
Home warranties are basically an insurance policy that the buyer or seller buys to cover repair costs for one year for the buyer. I do not believe in them. Many times they are not worth the paper they are printed on. There will be loopholes and some warranty companies try not to fix anything. Unless the major items like furnaces and airconditioning units are old.... I would pass on a home warranty
Are you the Seller or the Buyer? There are different reasons for "considerring" or not considerring the home warranty depending on who you are. Please feel free to call at any time.
Marsha Umansky, Prag Realtors, Inc