Benefits of a home warranty

Home warranties repair or replace for a limited period of time the mechanical systems and major built-in appliances that may break down due to normal wear and tear.  Most plans are renewable annually.

They typically cover:

• heating
• plumbing
• electrical
• air conditioning

Advantages for buyers

Buyers are protected from unforeseen repair and replacement costs. The term is usually for one year after the purchase of a home. During this time, a typical customer uses a warranty plan an average of 2.3 times.

Advantages for sellers

With a warranty plan, the seller and his or her agent carry a reduced liability for any unforeseen problems that may occur both while a home is for sale and after it is sold. By including a home warranty plan, the seller can strengthen the home’s asking price and reduce marketing time.