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Piedmont Real Estate Blog

Blog by Julie Emery
Amissville, Virginia

An ongoing dialog on real estate news, opinion and trends in Northern Virginia and the greater Piedmont area. Julie is an Associate Broker at Century 21 New Millennium, 5451 Old Alexandria Turnpike, Warrenton, VA 20187

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Piedmont Real Estate Blog

Home Warranties

Jul. 11, 2007
Categorized in: Buyers

Home warranties are protection for home buyers and sellers both during and after the sale process. Typically a home warranty is purchased for a one year period. It warranties the major systems, appliances, etc. in a home against failure. There is typically a deductible each time the service provider dispatches someone with the remainder of the cost born by the warranty company.

A seller will often get one when they put their home on the market. The immediate advantage to the seller is that if the air conditioner dies a week before settlement they don't have to come up with the money to replace it. It is also a way of reassuring buyers of an existing home that they won't be hit with large repair costs as soon as they move in!

In our current strong buyers market it's not unusual to see buyers asking for a home warranty as part of their offer on a home. Especially if you're a first time buyer and those first couple of years are tight, you don't want unexpected expenses!

There are a large number of home warranty companies out there. Each plan is slightly different in terms of costs, basic coverage and the per service call fee. This chart give you some of the basic information on the plans.

Home Warranty Service Providers
COMPANY COST SERVICE CALL FEE OPTIONAL ITEMS AT ADDITIONAL COST
First American $355 $100 A/C, Heat & Ductwork for sellers, Pool/Spa, Well Pump, Septic Tank Pumping
HMS $399 $100

A/C, Heat & Ductwork for sellers, Well Pump, Whirlpool Tub,

Pool/Spa

Old Republic $300 $100

A/C, Heat & Ductwork for sellers, Drain Line Stoppages, Washer/Dryer,

Septic System, Septic Pumping, Well Pump, Pool/Spa, Roof Leak

2-10 $345 $85

A/C, Heat & Ductwork for sellers, Washer/Dryer for Sellers,

Swimming Pool/Spa, Water Well Mechanical, Water Softener

AHS $407 $55

A/C, Heat & Ductwork for sellers, Swimming Pool/Spa for Buyers,

Well Pump for Buyers

This chart is meant to be an overview. On most plans you can pay more up front for the warranty and have a lower service fee charge. Many of these companies also have a new home warranty available at a higher cost.  If there are specific items that are very important to you, you'll want to look at all the plans and their details carefully.

Home warranties can be a very good thing for both buyers and sellers!

Making Assumptions

May. 10, 2007
Categorized in: Business of Real Estate

I was the listing agent for a home that sold about a year and a half ago. Generally after the sale of a home I try to stay in touch with both the buyer and the seller. Most agents don't stay in touch with their clients and most people appreciate the effort to stay connected. Plus, questions come up and it's nice to have that additional neighborhood resource!

On this particular sale, however, I never made any attempt to contact the buyers after the sale. That's because the agent for the buyers led me to believe that they actively disliked me! The transaction had gotten fairly stressful at the end. And, I was definitely angry at the way things progressed. It can be difficult at times to determine whether it's the other agent who's making things complicated or whether the client is perhaps being unreasonable. In fact, this agent was so perturbed that she called my broker to complain. Fortunately, my broker, knowing me and knowing the details on the transaction, knew that the accusations were baseless and let it go.

But since I'd been told that these buyers actively disliked me there seemed no point in trying to establish a relationship!

I got a call from those buyers this week about potentially selling their home. Strangely enough, the agent who sold them the home is not getting a call.

My point here today is that you should never make assumptions. I should have attempted to get in touch. I shouldn't have assumed that what someone said to me in the heat of the moment was, in fact, gospel!

And, real estate agents should not let their relationships become overly adversarial. Generally speaking once there's a contract in place, both parties have the same desire, to execute that contract! There's no reason for real estate agents to let emotions get in the way of professionalism. And, yes, I've been guilty of that once or twice myself! Sometimes I'm preaching to myself!

I don't know yet whether I'll be marketing this house for the owners. But I know there's already a happy ending in my eyes. I've gotten to know some very nice people! And that almost didn't happen!