Offer a home warranty when selling a home to provide peace of mind to potential buyers and increase your chance of a successful sale. Learn more here.
If you’re like most home sellers, you want to sell your house as quick as possible and receive the highest return on your investment. Providing a home warranty is one way to reach these goals. Let’s take a closer look!
🏘️ Why offer a home warranty?
Most new construction communities offer a home warranty when a buyer purchases a new house. If you want to compete with what new construction homes offer, you’ll want to include a home warranty when selling an established home.
📃 What is a home warranty?
There’s a difference between a homeowner’s insurance policy and a home warranty. Know the difference so that you can present the correct information to potential buyers.
A homeowner’s insurance policy is mandatory for buyers, but a home warranty is not a requirement. For this reason, adding a home warranty as an incentive is a selling point that offers the new buyer a cushion of comfort in case something goes wrong the first year.
💵 How much does a warranty cost?
We can’t give you precise numbers because of factors that include location and inclusions. We can tell you that most policies cost between $300 and $500 for a year of protection.
📲 Contact The Wilson Group
🤔 How does a home warranty work?
The warranty company uses authorized service providers that offer assistance when a homeowner calls about an item that has malfunctioned. The warranty holder may pay a service fee for the contractor to arrive, but they do not pay for the services that are provided for the repair.
🕵️♀️ How do I find a home warranty company?
Choosing a home warranty company requires the same diligence that you would show when choosing any other service provider. Home warranty companies have received a reputation for being difficult to use. Choose one that is highly rated and makes good on their promises.
Compare prices between companies and gauge what systems and appliances qualify for coverage, deductibles, and exclusions. Choose a warranty provider whose terms and coverage are both clear and affordable.
🤝 Providing a Home Warranty When Selling a Home
Providing a home warranty when selling a home is a great way to offer reassurance to potential buyers that you are invested in making sure they are not left with unexpected expenses. You’re sending them the message that you care about the quality of the home and property.
We are a locally owned Real Estate team right here in RVA, and we believe our motto says it all: ALL ABOUT THE EXPERIENCE!!! We strive to make our client’s need to sell or buy a home, or even their property management needs an overall great experience. Our business model is deeply founded in the fact that it is all about the experience!