Will My Real Estate Agent Pay for a Home Warranty for Me? When you use US as your Agents, you could qualify for a Home Warranty Gift Card worth up to $450.00!
Owning a home is a great accomplishment and responsibility. There are repairs to be made coupled with regular maintenance are some of the things that homeowners have to deal with. Many first time home owners are not prepared for many of the issues home owners run into. We had a client, for example, who called two days after moving in, to let us know that the hot water heater has sprung a leak and its 32 degrees outside. Everything in homes has a life cycle; so it’s good to be prepared when things need repairing or replacing.
What do you do when this happen?
Many homeowners may not have the expertise or experience to do small repairs, especially when they come at unexpected times. Some of us may be fortunate enough to have a family member, nearby, who is knowledgeable in these sorts of things. Others may know an electrician or a plumber but the whole process of getting estimates and figuring out what the real cause of the problem is, let alone getting it solved, can be time consuming. The best thing for a homeowner, especially a new homeowner, is to have a good Home Warranty.
What is a home warranty?
A home warranty works almost like an extended warranty or insurance policy you would buy for your flat screen TV or Smartphone. It covers the costs for replacing or repairing almost anything that may at some point cease functioning in your home. Typically, payment plans range from $300 to $700 per year.
The only thing that you will have to do is contact your home warranty provider either by phone or by submitting a request online. The warranty provider will then contact the company or contractor they have a contract with. The company will then send someone to solve the problem by either fixing it or replacing the malfunctioning item all together.
Who should buy a home warranty?
Home warranties are especially good for almost all homeowners especially average #First-Time Homebuyers, who are accustomed to calling the landlord. Your new home warranty provider will essentially take over the role of your former landlord. These home owners often work for long hours and may not have the time or energy to call around and find an electrician or a plumber to get estimates.
Repairs whether expected or unexpected may be too costly and you may have to go through a rather lengthy process before you get the problem resolved. You can avoid having to deal with this process on your own by setting up a home warranty at or before settlement.
Home warranties are not limited to first time home owners. Any home owner at any age can buy a home warranty at any time. So there is some flexibility when it comes to purchasing your own home warranty.
If you had a home inspection before you purchased, then you know the life expectancy & the condition of most of your appliances. Generally, most appliances break down after around 10 or 20 years and you don’t want to deal with several malfunctions at the same time.
Before you purchase a home warranty however, it is advisable to shop around and compare the various premiums & coverage plans valuable to make sure that you get a good deal. Remember that an older home will definitely need more coverage.
Investors who may not want to be doing repairs for their tenants should also consider home warranties. This should especially be considered by real estate investors who are not as experienced with the typical amount of upkeep a property will require. A warranty will also prove very useful if you don’t have a network of repair people available to help make the repairs. A home warranty will keep both you and your tenants satisfied and happy.
Bobby Fenner is a Full Time Realtor with over 30 years experience in the Virginia, Maryland and Washington, D.C. Real Estate Markets. He and his team of Real Estate Pros offer the highest level of service. If you’re buying or selling a Coastal Virginia home, call (757) 439-5779 or email [email protected] We’ll be happy to assist you in your move.
When You Use US as Your Agents, You Could Qualify For a Home Warranty Gift Card up to a $450.00 value!