Home warranty policies are available to both homebuyers and sellers. What are the advantages of purchasing one?

As the buyer, a home warranty can save you money. If the refrigerator stops working during a hot spell shortly after you move in, it will be fixed or replaced under the warranty at a fraction of the cost of buying a new refrigerator. If you are buying an older home, you might ask the seller to provide a one-year warranty as an incentive. The warranty will protect you from major expense if the plumbing suddenly fails or the roof starts leaking.

As the seller of an older home, you can understand how the warranty can make your home more attractive if you put yourself in the buyer's shoes. The warranty relieves the buyer of concern that they will have to spend thousands to repair a major system that breaks down unexpectedly. It also relieves you of anxiety that the buyer will sue you for failing to disclose a material defect. The warranty only costs a few hundred dollars and can be paid for when the transaction closes.

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The Scott Hoffman Team
Coldwell Banker Howard Perry and Walston
9051 Strickland Road
Suite 200
Raleigh, NC 27615
Phone: 919-877-8921
Voice Mail: 919-990-3213
Fax: 919-882-9080
scott@scotthoffman.com

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