Home Warranty Benefits
There are countless reasons to get a home warranty. Homeowners can save time and money by getting the quality protection they need for their home. When major appliances or systems need repair or replacement, they can cost thousands of dollars to replace. A home warranty will help minimize the amount you end up paying.
The average life expectancy of nine critical appliances/home systems is 13 years, and the likelihood of failure of one of these systems in a given year is 68%.
- Home Repair and Remodel, Marshall & Swift L.P.Homes on the market with a home warranty included sell on average 50% faster than homes without.
- National Home Warranty Association
Homeowners spend an average of $900 each year to repair home systems and appliances.
- Consumer Expenditure Survey, U.S. Census
Benefits of New Home Warranties for Home Buyers
If you are buying a new home, make sure you can move in with confidence knowing that your house will be protected against unexpected system and appliance failures. In addition, if you do have a problem arise, service representatives are available to handle your claim 24/7, 365 days a year.Benefits of Home Warranties for Home Sellers
It can be difficult to sell a home, especially with the housing market being what it is today. Increase the desirability of your property to potential buyers by showing them the appliances and systems in the home are protected with a quality home warranty. There will be less room for negotiation if you can show that your home is in good condition, and is covered by a warranty to ensure it stays that way. Make sure you sell your house for the price its worth!Benefits of Home Warranties for Real Estate Agents
For real estate agents trying to sell a home, anything a potential buyer can do to bring down the selling price will impact your commission. Improve your odds of selling properties at listing price by showing buyers that their future home is protected inside and out.
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