HOW TO DETERMINE IF YOU NEED TO BUY A HOME WARRANTY

Similar to a service contract many buyers purchase when they acquire a new appliance or device, a home warranty will cover repairs for items listed in the contract and replace them when necessary.

How can a homeowner know when they need to buy a home warranty? Consider the following things as you go to make this decision.

Ask the Seller to Provide a Warranty

If the home doesn’t have a warranty in effect, ask the seller to purchase one as part of the sale.

Purchasing a Warranty

Before purchasing a home warranty, review the fine print. Most warranties provide coverage for the interior electrical system, major appliances, and indoor plumbing.

Older Homes

When purchasing a warranty for an older home, understand that the warranty doesn’t cover pre-existing conditions.

New Homes

A homeowner might wish to purchase a warranty when they close on the new construction. The extended warranty then goes into effect when the builder’s warranty runs out.

Who Purchases  the Warranty?

Homebuyers often assume they must purchase a warranty. However, anyone involved in the real estate transaction may buy this coverage.

Is a Warranty Needed?

Homeowners who love luxury appliances often find the warranty serves as a smart buy.

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Tap the link BELOW TO LEARN MORE!

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