What is a home warranty?
A home warranty is a service contract that covers the repair or replacement of major appliances and systems in your home, typically for a set period of time. It's an additional layer of protection against costly repairs and replacements.
Why do seller home warranties matter?
As a seller, you're likely looking to protect your investment and maintain the value of your home. A seller's home warranty can help you achieve that by covering repairs and replacements of major appliances and systems in your home.
Example: A Seller's Home Warranty
For example, let's say a seller purchases a new home for $500,000. The seller's home warranty could cover the repair or replacement of the HVAC system, water heater, and refrigerator in their new home.