A home warranty can provide significant peace of mind and financial protection for both buyers and sellers. As a buyer, purchasing a home warranty gives you added assurance that any repairs or maintenance costs will be covered, which may lead to a higher purchase price if the seller cannot afford them.
On the other hand, as a seller, obtaining a home warranty can provide significant financial protection from unexpected repair costs. A well-planned and financed home warranty policy can help you recover your investment in case of unforeseen issues that arise during the ownership period, which may be more than you anticipated.
"A sellers' home warranty is a valuable tool for both buyers and sellers," says David Lewis, a real estate agent. "It provides a peace of mind for homeowners who are unsure about potential repair costs. It also helps sellers by allowing them to recover their investment if unexpected repairs arise during the ownership period."