Home Warranties and their Benefits
Like all warranties, a residential warranty is supposed to protect against pricey, unforeseen repair bills and provide comfort that your home is protected. For a homeowner who doesn’t have a tragedy fund or who wants to keep their emergency fund, a home warranty can act as a safeguard. Home warranties are perfect for people who aren’t handy or who don’t want to worry about tracking down a contractor when they have a appliance or major system breakdown.
A great selling point when selling a home or buying a home is if the home have a home warranty. The question about home warranties often comes up during the sale and purchase of a home. A residential warranty can provide encouragement to a home buyer who has inadequate information about how well the home’s components have been taken care of. A warranty can also be helpful for someone who has just exhausted their savings to buy a home and wants to avoid any additional un expenses. For home sellers, supplying the buyer a paid-up, one-year home warranty with the home purchase may provide peace of mind and protection against buyer complaints about any home breakdowns that happen after the sale closes. However, when the seller provides a home warranty it still does not exempt the seller from her legal obligation to make known any known problems with the house.