A home warranty is a plan that provides coverage for things in a home such as the appliances and systems, and it is a great thing to have when buying a home. If you are about to make an offer on a house, here are three good reasons you should ask the seller to include a warranty like this with the deal.
They Offer Peace of Mind
When you move into a house you just bought, you want to be able to enjoy the home. You probably want to spend time decorating it, having guests over, and just getting used to life there. If you have issues with the home's systems or appliances, this can disrupt the fun of moving into a house. Therefore, getting a home warranty offers peace of mind. You can just start enjoying life right away without the worries of costly, inconvenient repair expenses.
They Offer Protection Over Things Insurance Does Not Cover
A second reason to ask for a home warranty is for financial protection. Home insurance protects your house and belongings from perils but does not protect the internal parts of a home, such as the HVAC system, water heater, or dishwasher. A home warranty provides a way to fill in the gaps of coverage. When you have a home warranty, it will cover most of the main components of the house that insurance does not cover. If you have a problem with an appliance or if your water heater suddenly stops working, you can get repair services for the item and will not have to pay a huge price for them. You might be required to pay a small fee, but that will be it.
Home Sellers Are Generally Willing to Include a Home Warranty
The other reason to ask for a home warranty is simply that home sellers generally do not mind giving them. While these policies do not cost a great deal, they still cost some money. If the seller will pay this fee for you, it will save you money, and most sellers are more than happy to offer this if it means a closed deal on their home. As a result, it would not hurt to ask for a home warranty when you make an offer on a house.
The seller does not have to agree to give you a home warranty, but it never hurts to ask. Talk to your agent to learn about other things to ask for from the seller when buying a house. Contact a real estate agency like RE/MAX Alliance to learn more.