It’s never convenient when an important system or appliance within your home malfunctions. But if you have a home warranty (which may also be called a home protection plan), your cost and inconvenience could be drastically reduced. Most of the time, when something that is covered by your home warranty stops working, all you would need to do is make a call, request a service visit, and pay a nominal service charge to have the problem remedied. Some coverage exclusions and price limitations may apply, but these plans can offer peace-of-mind to buyers about their new home.
A home protection plan is like an insurance policy that can protect homeowners against the cost of repairs should any of the major systems within their home malfunction. Exactly what is covered will differ from company to company. However, most policies cover such things as the plumbing and heating systems, and all built-in appliances.
In the real estate industry, home protection plans are popular because they can be an inexpensive way to cover any unforeseen repairs that may be needed after a home is sold. Some sellers choose to offer a 12-month home protection plan, which can provide potential buyers with an extra measure of assurance.
If you would like more information about other ways you can offer peace-of-mind to buyers when selling a home or if you have general real estate questions, please do not hesitate to call. As your trusted real estate professional, I’m here to help with all of your buying and selling needs.