Homeowner Warranties – A Good Way to Help Sell Your Home

Would you prefer that you sold your home easily or with great difficulty? In a way, you could call this a trick question since there are many factors that do into making a home easier to sell. Drastically cutting the price of the home below what it is worth would help you sell it but you will not be gaining anything of value. Rather than follow such a method it would be a better idea to look towards other attractive benefits that would make a buyer look into the home. One such method would involve including a home warranty. While not a new idea, the home warranty is becoming more popular these days due to its increased effectiveness.
What is a home warranty? In a way, the concept is not much different than the warranty that would be afforded to a consumer product. It essentially provides a great help to the buyer as it financially covers any errant problems that may occur in the aftermath of purchasing the home. This does not include blanket coverage for every problem that might arise with the home. However, major services and functions will be covered through the warranty.
This is not to say that a homeowner warranty is identical to homeowner insurance. There is a huge difference between the two. Homeowner insurance is designed to cover a large portion (or all) of the value of the home in case of fires, natural disasters, and other such serious situations. A homeowner warranty is significantly scaled back from that but it is still of high value to a potential buyer. The warranty is mainly designed to pay for the costs of replacements and repairs of appliance and major home systems that have become broken as a result of normal wear and tear. The warranty may be called it or it may not. It all depends on how the home handles over the designated number of years the warranty covers after the sale.
As one can surmise, it may be possible to make a home warranty an attractive component to the sale of the home. Consider how the buyer looks at the availability of a homeowner warranty. The buyer sees the presence of the warranty as a huge discount on the home since some potentially expensive repairs are covered. Also, the buyer may feel very confident in the purchase of the home. Rather than looking towards problems associated with the purchase, they might assume that the house is probably in great shape. Why is this? It is because people assume that the warranty is easily offered because there is nothing wrong with the property. Consider this a form of reverse psychology that actually works quite well.
Sometimes you have to take a number of additional steps in order to sell a home. A homeowner warranty can be an excellent component in this regard and that is why it is so helpful to those looking to sell property.

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