I had a meeting at my Weichert office today and we went over the benefits of a home warranty and I wanted to share my thoughts on the issue. For those who don’t know if you purchase a home warranty it provides a safety net so that if any appliances break you should be covered. If the dish washer breaks then you call your policy holder and they send someone out for 100 bucks and they hopefully fix the issue. It’s a decent deal but the real beauty of the deal comes in when you’re selling.

If you’re listing your place, you pick up a home warranty policy and it will cover you while you’re living there. Something breaks during the selling process it will pick up the tab. The real draw to the policy is when you sell the place the policy is then transferred to the buyer for another FULL YEAR. Never want to hear from a buyer 3 months down the line because the refrigerator broke? This is a great way to make that happen.

In the practice of full disclosure the policy is not a cure all. There are things that are exempt from any policy and it’s important to read the fine print. If you’re informed and know what you’re covered for then you should be in great shape. A potential buyer may be put at ease by the warranty and you in turn sell your place.

With that being said lets get moving on selling your place.

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