A home warranty pays repair or replacement costs for the mechanical systems and built-in appliances that are covered and break down in a home. Warranties can be purchased by either the buyer or seller and usually paid for and goes into effect at closing. The coverage period is normally one year and can usually be extended another year for a fee.
There are a lot of companies offering home warranties and coverage of individual policies can vary widely. Usually, central heating and air conditioning systems, electrical, plumbing and major appliances are covered. It's important that you read the policy closely and understand what is and is not covered.
Before you begin getting bids below from various companies first read the "What to Know About a Home Warranty".
It takes only minutes to obtain a Price Quote as the Buyer chooses which options they desire to add to their base plan. You can expect to pay approximately $500 for a base plan including Air Conditioner and another $150 for Pool Equipment, however costs vary depending on the individual companies below and what they include in the base plan.
Pricing Company 2
Home Warranty Company 3
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Home Warranty Company 4
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You are the only one who has to live with the home warranty coverage and company after close of escrow so it's important to spend a few minutes evaluating the options each company has to offer.
Once you have chosen your warranty company, the base plan and the add on options let us know to finalize the ordering process.
In addition to the policy premium, there is normally a deductible of approximately $35 - $85 to pay when making a repair claim.
There are some very good reasons to pay for a home warranty when selling your home. Providing a warranty can help set your home apart from the competition. Buyers will appreciate having a warranty and will feel more comfortable about buying your home without worrying about hidden problems.
Providing a warranty might even result in a higher price, offsetting the cost. Certainly it can make it easier for a buyer to make an offer. These assets make the home warranty an excellent marketing tool.
When a major appliance, heating or air conditioning system goes bad shortly after a home is sold, it's not uncommon for the buyer to blame the seller. Unfortunately, this can and does lead to conflict. Providing a home warranty with the sale of your home can go a long way towards preventing these types of disputes.
If you are buying a home and it doesn't come with a warranty, you may want to consider paying for one yourself. The first year after buying a home is a time when most people don't have a lot of cash on hand to cover problems that might arise.
Having a one year home warranty in place can provide peace of mind during this time, and if something does break down, could really save your budget.
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