Whether you are selling your home or looking to buy a new one, a home warranty can offer a tremendous benefit. Home warranties – like the Weichert Home Protection Plan – provide a national network of pre-screened service professionals who can expertly and efficiently make repairs to major systems or appliances for only a small deductible. In the case of Weichert’s plan, all repairs are guaranteed for 180 days.
For sellers, covering their home with a warranty when it goes on the market does double duty. Not only does it provide peace of mind to potential buyers who are assured they won’t have to pay many hundreds – or thousands – of dollars to repair or replace a broken item, but the owner is also covered during the time their home is for sale. Even better, there is no upfront cost to a seller. The warranty is paid for when the sale closes, and is then transferred to the buyer for one full year of coverage.
On the other hand, buyers who purchase a home with a warranty are protected from incurring expensive, unexpected repair bills during a time when they are already making a major financial investment. Home warranties provide for repair or replacement in case of mechanical failure of major systems and appliances, which are typically not covered by homeowner’s insurance.
