Sellers benefit from home warranties each
and every day. One thing that is a guaranty in any home- all
motors will eventually go out. Every appliance will malfunction
eventually. Sometimes eventually is right after closing, and
as is often the case, the buyer looks to the seller to fix
the problem they feel is the sellers responsibility.
With a home warranty this can be avoided. The date on which
the problem occurred is the primary factor in determining coverage,
and for the great many of situations similar to this, the malfunction
occurred shortly after closing. A buyer is much more likely
to call their home warranty company when they experience a
problem than call on the seller to fix it. This gives the buyer
the chance to hear from a qualified professional contractor
what the problem is and how it happened.
By offering a home warranty with every
transaction, you are providing a proven marketing tool that
can contribute to a safe and successful sale in many ways:
Some home warranties suggest that homes with warranties “sell 50% faster” and
for “up to 3% more,” because buyers feel they have
made a safer investment. While we here at Residential Warranty
Services find these numbers to be on the high side, we know
from experience that a home warranty can reduce the seller’s
liability for problems with the home that occur after the sale.
