Ignite FB Tracking PixelWhat Is A Home Warranty? - The Rivera Team Carlos R Rivera Sr

What Is A Home Warranty?

by The Rivera Team Carlos R Rivera Sr 12/03/2018

You may have heard about home warranties, but are unsure of what they are. A home warranty is an excellent addition to your home insurance and has a particular function. When you buy a home, the last thing you want to worry about is things breaking or malfunctioning in the house after you buy it. Buyers fear the expenses they may incur if items in the home start to break down shortly after the property becomes theirs. As a first-time homebuyer, a home warranty can be incredibly helpful since you may need a crash course on home maintenance. 


Depending on what’s the norm for homebuyers locally, either the buyer or the seller will pay for the home warranty. Some sellers pay for warranties up front as an extra assurance to the buyer of the property they’re about to purchase. Sellers also use this as an excellent tactic to “wash their hands” of the property. The buyer won’t need to contact the seller if something goes wrong with the property. A home warranty is a fairly inexpensive way to show buyers that appliances and the home itself have been well taken care of. Occasionally, real estate agents will give buyers a home warranty as a gift for their business. Usually, this is done for higher-end homes. 


Home warranties aren’t very expensive. They usually range in price around a few hundred dollars in cost. The cost is based on a yearly rate and can be renewed each year at a slightly higher premium. 


How Do The Warranties Work?


The warranty provider works with specific companies for different purposes. When the homeowner calls the warranty provider to let them know there’s a problem, the service provider will call the homeowner to make arrangements to fix the problem. If an appliance cannot be repaired, the warranty company may replace the item. There are usually small service fees associated with these repairs and replacements.


Is Anything Not Covered?


A home warranty will not cover numerous items around the house. These items include:


Outdoor fixtures and plumbing

Indoor plumbing fixtures

Pools

Hot tubs

Some appliances may not be covered

Heating system

Water heaters

Cooling system

Fans


Home warranty plans can vary based on your location and the type of policy. Make sure you review what’s covered before you finalize any home warranty. It’s an individual choice that homeowners make to have a peace of mind when moving into a new place.  

About the Author

Author
The Rivera Team Carlos R Rivera Sr

After 22 years in the military, moving and relocating on an average of every 3 years, we know and understand your needs and concerns about SELLING, BUYING and RELOCATING. we have been in your shoes many times before, and now we’re putting that experience to work for you. WE CAN MAKE YOUR REAL ESTATE TRANSACTION AN EASY AND ENJOYABLE ONE. we bring a no- nonsense, mission-oriented approach to the transaction. The military leadership skills allow us to create a win-win situation with buyers, sellers and all other parties involved in the real estate transaction, which in turn allows us to get the transaction done in a timely, flawless and professional manner. We have the professional skills you need to get the job done the right way the first time. From beginning to end we’ll be on your side taking you step by step thru the real estate transaction, and after the closing we’ll be available as well to answer any questions or concerns you may have about REAL ESTATE. And of course, WE’LL WORK WITH THE SAME DEDICATION AND PROFESSIONALISM WITH ALL THE REFERRALS YOU ENTRUST US DURING AND AFTER YOUR TRANSACTION. 

Cities I Work:

Orlando, Kissimmee, St. Cloud, Celebration, Dr. Phillips, Ocoee, Winter Garden, Clermont, Davenport, Lake Nona, Sanford, Deltona, Debary, Lake Helen, Winter Park, Apopka, Gotha, Oviedo, Winter Springs, Longwood, Maitland, Casselberry, Lake Mary, Altamonte Springs, Eatonville

Designations

GRI – Graduate Realtor (®) Institute,  SRS -- Seller Representative Specialist,  ABR(®)  – Accredited Buyer Representative,
MRP – Military Relocation Professional, PSA -- Pricing Strategy Advisor