Why You Should Offer a Home Warranty when Selling a House

Why You Should Offer a Home Warranty When Selling a House

If you’re selling your house then I’m sure your goal is to get your home sold and off your hands as soon as possible for a reasonable price. Now, when trying to achieve this goal, many factors come into play, and many things can be done to ensure that you’ll have buyers interested in your home.

One factor that certainly helps to get your house sold quickly is to have a home warranty on your house. Often the biggest mistake that homeowners make is assuming that a home warranty is the same as homeowner’s insurance - it’s not. There’s a vast difference between the two and, if you’re aiming to make a quick and easy sale on your house, then we highly suggest you continue reading.

 In this blog post, we’ll take a look at the reasons why, when selling your house, you should offer a home warranty as well as reasons why it’s so useful.

Why should you offer a home warranty?

As we’ve already stated, having a home warranty comes with countless benefits that can not only help pick up the speed of how fast you’ll be able to sell your house but also help with selling it in general.

You’re more likely to sell a house if it’s got a home warranty then if it doesn’t. If the buyer sees that you have a home warranty included, it’ll help to boost their confidence and feel more trusting when buying it. Especially first-time buyers will feel more confident buying your house if they’re concerned about future expenses and repairs that may be needed.

How much does a home warranty cost?

A home warranty, although it may seem like an extra expense to some buyers, is certainly worth the amount. Home warranties generally cost between $300 - $500, and the warranty lasts for a year after the closing date. When you initially buy the warranty, it should include coverage for your home while it’s still on the market, and then, once it’s bought, it should be transferred to the buyer and last a year after the closing date.

What does a home warranty include and not include?

A home warranty includes a fair amount of benefits. When you invest in a home warranty, it will help with costs if any major home systems fail or appliances. The details of precisely what is included come with each different plan, however, there are a few basics that are generally included in each plan. Appliances such as a dishwasher, garbage disposal, and built-in microwave are typically included, as well as systems such as plumbing and electrical and heating and cooling.

However, every plan is different, and it’s essential to always read over the terms very carefully before investing in your home warranty. It’s crucial that you are well aware of what is included in the plan and what is not before agreeing to anything.

Do your research.

When you buy a home warranty, you want to make sure that you’re getting the best one for your money. This means that you should thoroughly do your research to ensure that the company you’re buying the plan from is a good and trustworthy one. The worst mistake you can make is to buy from the first company you see and decide that’s your only option.

Overall, offering a home warranty when you sell a house can be extremely beneficial. If you want to sell your house quickly and for a reasonable price, we highly suggest investing in a home warranty. However, it’s essential that you always do your research in advance and ensure that the company you’re buying the home warranty from is excellent and trustworthy.