What You Should Know About Home Warranties
April 12, 2019
Master Brokers | April 2019 | 828-850-0142
- Home warranties can increase the perceived value of your home. In a recent Gallup survey of home buyers, pre-owned homes with home warranty coverage commanded as much as 2% higher perceived value than homes without warranties. By increasing the perceived value, you’re more likely to get a full asking price in a sale.
- Home warranties can accelerate the sale of your home. The same survey indicated that buyers have more confidence in homes with warranties. This confidence can result in a quicker sale – up to 60% faster than homes without warranty coverage.
- Home warranties protect the equity investment in your home. A warranty on your home during the listing period can cover you should a covered item stop working as well. It can eliminate many “out-of-pocket” expenses sellers sometimes experience from unexpected breakdowns and repairs.
- Home warranties can reduce the potential of “after-sale” disputes with buyers. Almost 65% of lawsuits brought by buyers against sellers after the sale are related to property condition problems.* Home warranties are designed to reduce this liability providing peace of mind for you and your buyer.
*Statistical information obtained from actual E&O insurance claims filed with major national E&O carrier.