The uncertainty of purchasing a home that isn’t new can be a bit unsettling. Is everything working? Will it all keep working? Even with a thorough home inspection, you don’t know how long the appliances or systems will last. More and more home sellers are turning to home warranty plans to persuade buyers to buy, and this is why:
To Avoid Disputes
Once in a while, after the sale of a home from seller to buyer, something will break soon after. This may or may not be the fault of the seller, but often times, the buyer assumes it is. It then turns into a dispute over who has to pay for it. Purchasing a warranty plan helps avoid this because the plan covers the costs of most repairs and replacements.
To Reassure Buyers
Buyers don’t know if they can trust the seller. They don’t know the history of the home or what’s inside it. Home inspections can help with this, but there’s still the uncertainty of how long everything is going to last and if the buyer will be able to afford the cost of maintenance for the home-which can be expensive. Warranty plans can resolve all of this and give the buyer peace of mind, knowing they’re covered in the event of maintenance problems.
To Protect the Seller
It’s not too common, but sometimes things break during the listing and escrow period. Then what? The seller then has unexpected and unwanted extra costs-on top of the costs of selling a home. It’s an unnecessary stress that can easily be avoided by getting a warranty plan. Do yourself a favor.
To Give Buyers Confidence in Buying a Previously Owned Home
When buying a new home, everything is new, and buyers aren’t so worried about breakdowns and maintenance. This is an extra appeal for new homes. But what about homes that aren’t new? For a seller with a previously owned home, you want to give buyers every added confidence you can give them that your home is the right home for them. Home warranty plans are the way to do that. That way, buyers can trust that even if something does break, it will be okay. Home warranty plans are a great option for sellers and buyers.