By Platinum Team March 23, 2013

Benefits Of A Home Warranty For Buyers, Sellers And Current Home Owners

A home warranty is like a garage that covers your entire house and keeps it safe from bad financial weather. It doesn’t matter if you’re buying a home, selling a home or if you currently own a home, there are several special benefits for each category when it comes to having a home warranty.

Benefits for Sellers

Your home will be much more desirable to potential buyers if they see that the home is covered by a home warranty plan. You’ll be able to sale your home that much faster if you get a warranty before putting your home on the market. A second benefit for sellers is that they can avoid extensive delays in closing if they get a warranty for their home, minimizing the odds of an equipment or system failure slowing down the closing process. A third benefit for home sellers for getting a warranty for their home is that they’ll save money if the home repair or problem is caused by a workmanship issue that needs to be fixed more than one time. In some cases, your repairs are covered for 180 days.

Benefits for Buyers

One of the immediate benefits of a home warranty if you plan on buying a home is that you’ll save money and you won’t have to make major changes to your budget to save up enough money for expensive home repairs and appliance replacement. With a home warranty, all you’ll have to pay for is the trade service call. Another benefit is the comprehensive coverage, meaning that your warranty covers appliances as well as systems and that there aren’t any square footage restrictions. A third benefit is that you’ll have a technician that has been pre-screened to take care of your repairs and replacements rather than a technician who may or may not know what they are doing and may or may not have the proper training to adequately handle your particular repair.

Benefits for Current Homeowners

With a home warranty, placing a claim is easy, free and can be done online as well. Something else to think about is that with a home warranty you can call for as many system and appliance repairs as you need without worrying about going over a limit. A third benefit for current homeowners who have a home warranty is that they can save a lot of money on popular appliances if they ever decide to remodel their home or upgrade their appliances. If you don’t already have a home warranty, look into getting one whether you’re buying, selling or currently own a home. Your nerves and your bank account will thank you for it.