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Owning a home represents security -
insurance and warranties also represent security. All homebuyers have
worries when purchasing a home, Buyers Regret sets in as soon as their
offer is accepted, especially for first time homebuyers. When their home inspection finds a few
things like an older furnace, hot water heater or a garage door that only
works part of the time, they worry about additional added costs for major
appliances or systems.
A home warranty offers peace of mind to new
homebuyers. The buyer or the seller can purchase a warranty and they make a
great marketing tool for a seller. This is a real way to add value for a buyer. Most warranties
are for a 1-year term and can be renewed by the buyer. The specifics on
what is insured are in the details of the contract but they usually include
repairs on a homes appliances and mechanical systems.
- Home warranties
cover only single-family resale homes and not new construction
- The typical standard
coverage includes heating system, air conditioners, ductwork,
dishwasher, garbage disposal, built-in microwave oven, stove – oven -
cook top, trash compactor, sump pumps, plumbing system, whirlpool tub,
water heater, electrical system, fans (attic and exhaust and ceiling),
and garage door opener.
- Costs for one year
of coverage range from $450-$650 in our local area, depending on size
of home and optional coverage chosen.
- Optional coverage’s
are available for items including refrigerators, washer/ dryer, hot tub
equipment, well pumps and swimming pools
- To make a claim you
will pay a service fee for the service call and some require you to
use the contractors the warranty company recommends.
- The homeowner can
call a toll-free number for repair 24/7. The repair work is guaranteed
for a specific time period, read the specific contract.
- Weaver Realtors does
recommend Home Warranties for properties, especially if the furnace or
air conditioner are over 5 years old or if the appliances are over 3
years old. Ask us about the types of Home Warranties available in the
Storm Lake IA area and read the fine print carefully before buying a
home warranty. As all insurances and warranties there are many terms,
they cover some parts of systems and appliances but not all and not in
every situation.
Home Warranties are a tool Weaver Realtors
of Storm Lake, IA uses with the properties we list, they are also an item
we request for our Buyers. Many of the warranties require the heating and
cooling system/s be inspection by a certified licensed professional as a
requirement of coverage. Ask me about a home warranty if you are planning
to sell or buy. I would be glad to help you determine if one will help you
sell or if you should ask for one when buying.
Georgia Weaver - Broker Owner - Weaver
Realtors
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