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What is a home warranty?

A home warranty is a service contract, usually renewable anually, that covers the repair or replacement of a variety of different appliances and system components.  Home warranty coverage varies from vendor to vendor, but is intended to help home owners pay costs associated with common appliance and system component breakdowns.  Think of it as a great short stop - catching those fly balls to keep you ahead of the game.


Why do you need a home warranty?

As with most people, your home is probably one of your largest investments.  And even if you get a great price on your new home, you've got a budget to keep (and wouldn't it be nice to use some of your budget to get some new window coverings instead of buying a new water heater?).  Unexpected repair or replacement costs of items often covered by a home warranty can easily strike out your budget.  Plus, finding a qualified professional to solve your problems can be stressful and inconvenient. 

Home Buyer Warranty Benefits

  • Plan now, save later and elminate worries
  • Major system or appliance has a 68% chance of failing in a given year*
  • On average, a major home warranty company services each home two times per year
  • Huge database of pre-screened insured contractors to work on your home
  • Hassle-free service, call one number to arrange service
*Unpublished tabulations from the 2005 National Association of REALTORS Member Profile
  

Home Seller Warranty Benefits

  • Improves home's marketability
  • Increases chance of selling the property by 29%*
  • Helps sell for a price 2.2% higher and 15% faster*
  • Use as a negotiating tool--especially for older homes
  • Helps protect home during the listing period
  • Reduces selling downtime if a covered breakdown occurs
  • Can reduce after-sale liability
*REALTOR Magazine (realtor.org) ranked by transaction sizes in 2005.

Sell your home more quickly and for more money with a home warranty

A home warranty helps give buyers additional confidence in the real estate transaction - they'll know that the warranty company stands behind the covered systems or appliances in the house.  An added benefit is that it can also protect your home while it's on the market which can help you avoid investing more money into a home you're trying to sell. Extended home warranty listing coverage may also protect you from unforeseen issues that come up during inspection.

For more information on AHS Home Warranties, visit www.ahswarranty.com.

For your convenience, a courtesy seller combo plan is placed on Woods Bros Realty listings so it's there if you need it up to the date of closing. Contact your agent if you'd like to upgrade or market a package for the buyer.