Connecting Colorado Neighbors-The Foerster Team: Why Should I Have a Home Warranty?

Why Should I Have a Home Warranty?

Why Should I Have a Home Warranty?

 


The home you want to buy is 20 years old.
After reviewing the property disclosure (filled out by the seller) and having your own home inspection, you are concerned about the age of the itchen appliances and some of the mechanicals. What is the life expectancy of a refrigerator or a hot water heater? That could certainly influence your decision about asking the seller to provide a home warranty.

Based on normal wear and tear, the International Association of Ceritified Home Inspectors, here is a life expectancy list for the most commonly replaced or repaired items. For a complete list, please visit their website.

 

Dishwasher 9 years
Gas Oven 10-18 years
Microwave Oven 9 years
Range/Oven Hood 14 years
Electric Range 13-15 years
Gas Range 15-17 years
Refrigerator 9-13 years
Washing Machine 5-15 years
Clothes Dryer 13 years
Central Air Conditioning 7-15 years
Furnace 15-25 years
Water Heater 6-12 years

 


What does a home warranty cover?
Each Home Warranty company offers its own product. Coverage and prices vary. Generally speaking, standard coverage will cover the plumbing system, central heating system and other household systems, water heater, range/oven/cooktop and dishwasher.* You can purchase additional coverage for air conditioning, refrigerators, clothes washer and dryer.*

 

What if you are the seller? Do you want to offer a Home Warranty to the potential buyer before they even ask for it? Why would you do that? As the seller, you can order the Home Warranty to cover your home during the listing period. Then when the sale closes, the Home Warranty transfers to the new homeowner. Meanwhile, during the listing, it covers you!

 

*This is a short list of those items covered. For a complete list check with a Home Warranty provider.

 

Image sourced from Microsoft Office clipart.

 

Why Should I Have a Home Warranty?

  

rich and donna

 

Donna Foerster

The Foerster Team

Cherry Creek Properties, LLC

REAL Market Knowledge. REAL Service. REAL Estate.

Serving Metro Denver

www.TheFoersterTeam.com

720-530-5554 (cell)

 

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Comment balloon 6 commentsDonna Foerster • October 12 2016 05:04PM

Comments

i agree Donna Foerster  I try to put a home warranty in all my transactions

Posted by Hannah Williams, Expertise NE Philadelphia & Bucks 215-953-8818 (Re/Max Eastern inc.) 10 months ago

When I'm representing a buyer, I always suggest they ask a seller to pay for one.  

Posted by Chris Ann Cleland, Associate Broker, Northern VA (Long and Foster REALTORS®, Gainesville, VA) 10 months ago

I don't always push for it, depends on the buyers. But for young buyers who struggle to get in a home, I certainly do.

Posted by Tammy Lankford,, Broker GA Lake Sinclair/Eatonton/Milledgeville (Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668) 10 months ago

I mention it on every transaction and suggest it as a good idea and coverage for not a lot of money. This is a good post on home warranty benefits.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Berkshire Hathaway HomeServices PenFed Realty, Your Clarksville Real Estate Professional) 10 months ago

Donna

Home buyer should get a home inspection to understand the property and any existing defects in the property.

Good luck and success.

Lou Ludwig

Posted by Lou Ludwig, Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC (Ludwig & Associates) 10 months ago

Donna

Having a home inspection . . . . is an investment in the property being purchased.

Good luck and success.

Lou Ludwig

Posted by Lou Ludwig, Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC (Ludwig & Associates) 10 months ago

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