A home warranty is a protection plan that covers the repair or replacement of major appliances and systems in your home. As a seller, understanding the benefits of a home warranty can help you protect yourself from potential costly repairs and provide peace of mind for your buyers.
There are several key features to consider when buying a home warranty. These include:
- A comprehensive coverage that includes major appliances, such as the oven, dishwasher, and microwave.
- A plan that covers repairs and replacements for systems, including plumbing, HVAC, electrical, and roofing.
- A flexible payment structure with options to pay monthly or annually.
A home warranty can be a valuable investment for sellers. By protecting yourself from costly repairs, you can avoid financial stress and provide peace of mind for your buyers. According to the National Association of Realtors, 60% of homebuyers report that they would consider paying more for a property if it had a home warranty.