Ginny Nestor

The Inside Guidebook of Home Warranties
Seller and Buyer Home Warranties – What you need to know!

Did you know? 8 Out Of 10 Buyers Prefer To Buy a Home With A Home Warranty

What is a Home Warranty? a.k.a. Home Warranty, Protection Plan, Service Contract
A Home Warranty is a contract between a homeowner and a home warranty company that provides for discounted repair and replacement service on a home's major components, such as the furnace, air conditioning, plumbing, electrical system and appliances.

Let’s discuss with local home warranty company providers:

• Is a warranty plan a true warranty or a contract or an agreement?
• Home warranty – How does it work?
• What types of properties are covered?
• What are the advantages of choosing a home warranty?
• What does it cover and not cover?
• Can you customize your coverage? Additional options; premium coverage.
• How much does it cost?
• What is considered a “pre-existing condition”?
• Basics on normal wear and tear and exclusions.
• Warranty plan guidelines on repairing or replacing.
• What is mentioned in the “fine-print” of the warranty plan?
• Working with the warranty company’s approved service providers.
• What causes a claim to be denied? What to do?
• Home warranty dispute resolution
• Can you transfer the plan when you sell the house? Is there a cost?
• Can you get a refund if you want to cancel the policy?
• How to market home warranty plans.

A home warranty plan is a value-added buying and selling tool that real estate practitioners offer their customers and clients. Be confident on the brands you are marketing.

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