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Friday, February 19, 2010

Should I put a Home Warranty on my home?

What a grand question!

In today's market, I think that it is necessary to put a home warranty on your home when you list it. Here's why:

* The plan covers you during your listing period (there are always exceptions and fine print). If something breaks or needs a repair, the warranty company is your safety net.

* The warranty does not tie you back to the house in the event the new buyer uses it during their one-year warranty period.

* It is completely negotiable. As a seller, you are not obligated to purchase the warranty unless the buyer pays you full price and no contingencies. (Hmm... then, that is an easy decision - of course!)

* Homes with warranties being offered are more likely to be chosen to write an offer on vs. those homes that are not offering a warranty.

* The warranty is paid for at the closing table. Yes! At the closing table!

* It gives the listing agent something else to negotiate with.

Home warranties are really a win-win proposition! There are several different companies. You will need to research the companies and decide which one is best for you.

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