| In the old days, homeowners did not pay much attention to Home
Warranties and homebuyers did not bother to ask for one. Now, sellers and buyers are
more aware of the importance of having a home warranty for a real estate
transaction. Most home warranties protect major appliance and mechanical systems,
and for additional fee will protect roof, swimming pool, and SPA, for one year after the
sale. Thus, home warranties may protect sellers and buyers from incurring in
unnecessary expenses.
The price of home warranty, if it not basic, depends on the coverage. Most home
warranties have a deductible per visit. Before calling for service, homeowner should
make a list of the different things to be fixed, so the deductible is paid only once.
It is advisable that sellers and buyers ask their real estate agent to inform them
about the different home warranty companies in the market. I recommend shopping
around to compare prices, coverage, and deductible.
For your information, here
is a partial list of Home Warranties Companies, we do not recommend one
company over the other.
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