May. 11, 2006 - Why Buy A Home Warranty

As you are driving around checking out your prospective new neighborhood you notice some homes with a sign rider that states that this home is covered by a home warranty. If it was one of my listings the rider would state that the home was covered by a 13 month HWA home warranty. You look at your significant other and ask "What the heck is a home warranty?". I realize you asked your significant other, who may or may not know, but allow me to clarify that for you.

A home warranty is peace of mind. It's risk management of sorts. Putting a home warranty on your house as a seller gives you peace of mind knowing that if a covered appliance or mechanical system breaks down during the time the house is on the market, it will be repaired or replaced, quickly and professionally, for a relatively small deductible or service charge. What could easily have been a major expense, turns out to be a minor inconvenience. For the buyer it's peace of mind knowing that the older mechanical systems and all of those used appliances that you bought with the home are covered for at least one year from your closing date (13 months on one of my deals remember, I recommend the 13 month HWA home warranty).

There are various levels of coverage available and the price and the deductible (out of pocket expense) vary according to coverage. With the top of the line coverage, practically everything in the home is covered and the out of pocket expense is $100. That's not bad considering that your average service call will cost you $75 just to have the service man show up. And that's before they pile on parts and labor.

There is more that can be said about the wonders of a home warranty, but blog posts are supposed to be pithy. I guess if you would like to know more you can call or e-mail me. Maybe if you keep checking in, a home warranty expert will post a comment. Who knows? What I can tell you now is this: If you have been thinking about buying or selling a home and you contact me and hire me to work for you, telling me you read my blog and you want a free home warranty because of that, I'll buy you one.

As always, if you have found yourself receiving my blog postings via e-mail, it is because I have either blogged about you personally, blogged about something I know is of interest to you, or I consider you to be a person of deep thinking and intellect and I would love to have you occasionally commenting on my blog. If you would like to be removed from the list simply send me an e-mail saying so.

May. 11, 2006 - re: Why Buy A Home Warranty