Home warranty policies are available to both homebuyers and sellers. What are the advantages of purchasing one?

As the buyer, a home warranty can save you money. If the refrigerator stops working during a hot spell shortly after you move in, it will be fixed or replaced under the warranty at a fraction of the cost of buying a new refrigerator. If you are buying an older home, you might ask the seller to provide a one-year warranty as an incentive. The warranty will protect you from major expense if the plumbing suddenly fails or the roof starts leaking.

As the seller of an older home, you can understand how the warranty can make your home more attractive if you put yourself in the buyer's shoes. The warranty relieves the buyer of concern that they will have to spend thousands to repair a major system that breaks down unexpectedly. It also relieves you of anxiety that the buyer will sue you for failing to disclose a material defect. The warranty only costs a few hundred dollars and can be paid for when the transaction closes.

	See All Tips In The "Insurance" Category >
	See Complete Library Of Hundreds Of Tips In 30+ Categories >

Lois Oliver-Miesbach MBA, CPA, Principal RE Broker
Real Estate by Lois & Hill
4800 SW Meadows Rd
Lake Oswego, OR 97035
Cell/Voice Mail: 503.453.3092
Fax: 888.453.2820
Lois@LoisMiesbach.com

You will find that Lois Oliver-Miesbach's commitment to you and your real estate goals will be performed with knowledge, integrity and dedication. That’s why more than 70% of business is from past clients and referrals!

www.LoisMiesbach.com is brought to you by Lois Oliver-Miesbach
NUMBER1EXPERT™ in real estate for Lake Oswego, Portland and West Linn, Oregon

Read Lois Oliver-Miesbach's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge