When choosing a home warranty there are many options. Several companies in the market today offer competitive plans with different coverage’s and additional up-grade options.
When you look at the different plans available, you’ll quickly discover the basic plan’s are very similar. Most typically cover a homeowner’s residence for a one-year period from the date of settlement. For home sellers, most companies offer sellers coverage too. Sellers coverage will cover a home for the duration of the listing period. Then usually for one year of coverage for the home buyer from the settlement date!
Everyone selling a home should consider purchasing a Home Warranty. It can be a great sales tool, as well as a hedge against any unforeseen problems. However, keep in mind “All Warranties Are Not The Same”! You need to read the fine print.
Tips to consider when Choosing A Warranty
- Consider your budget first! Choose a plan that fits your budget and the home you are insuring with the warranty. Consider the mechanicals, systems, types of appliances, fixtures and the structure. Consider what has recently been repaired or replaced. For example…you may not want to choose upgraded coverage for your heating system if it was recently replaced. It may be still under warranty and you might end up paying for double coverage. If that’s the case, you might consider other options, like covering an aging Hot Tub or an older roof.
- Fine print, read it! Consider all contract language important, they would not be wasting the ink! Look for things like caps in coverage and items excluded from the warranty.
- Also…when choosing a plan, make sure the Warranty Company is a legitimate company. One that has been around a while with good reviews. You can also check with the state licensing board to make sure it is in good standing with them.
- Service call charges and pre-existing defects. Compare the service call charges and option prices of competitive plans. Options that can vary widely in price.
- Call the local sales representative and ask if they are running any special promotions. Sometimes discounts or upgrades options may be included in a basic plan.
So when Choosing A Home Warranty Plan you do have a lot to think about. A Home Warranty can give you plenty of peace of mind and allow you to sleep well a night! Easily, take the time, do your side by side comparisons and study the plans. Keep in mind that Home Warranties are insurance policies not maintenance contracts or guarantees! Also, don’t rely on another’s opinion because long after the sale closes it’s all on you for the service calls and repairs.
Home Warranty Web Sites Links
America’s Preferred Home Warranty, Inc.
American Home Shield
First American Home Warranty
2-10 Home Buyers Warranty
Cinch Home Services
The Author…
Bill Byrd is a Husband, Father, Realtor, Educator, Musician and Athlete. A licensed Realtor since 1986 who loves helping his clients grow their personal wealth through real estate! Having helped hundred’s of families and individuals during his career you can feel comfortable that Bill’s and his Team’s experience and expertise are unparalleled in our market. Plus, Bill’s a great guy and one heck of a guitar player! More About Bill
Search By Area
Click your area of choice below and see every home for sale on the MLS!
Northern Charleston Areas
Peninsula, Neck and Western Areas
Southern Charleston Areas
Oceanfront Beach Island Areas
Similar Articles
- Charleston Market Close to the Edge of Collapsing
- The Crossroads of Two Markets
- The 6 Steps to Buying A Home
- Spring Charleston Market Update
- Fall Charleston Market Update
