I see homes for sale with a warranty, what is covered and for how long?
Home warranties are getting very common with sellers specially for a home that is at least 5 years old. Warranties usually cover a home’s all major working components like the water heater…furnace…built-in appliances…electrical wiring…central air conditioning…exposed duct work…interior plumbing system and fixtures from breakdown for a period of 1 year. A Home Warranty Protection Plan is available starting at around $250.00 to either the buyer or the seller. If your going to buy a home without a home warranty, you may want to purchase this plan. Coverage begins from the day of closing to a period of 1 year. If your planning on selling your home, including a home warranty makes your home more attractive and gives your buyers an incentive. From a marketing standpoint, it will give your home an advantage from other homes being sold in your area without one.