What is a home warranty?

The term “home warranties” can refer to a number of different types of warranties. When buying or selling a home, different types of home warranties can provide benefits to buyers or sellers – and sometimes both. For sellers, a home warranty increases the perceived value of their home by providing an extra incentive.  For buyers, a home warranty purchases a little extra peace of mind.

In many cases a home warranty is sometimes purchased independent of a real estate transaction by a homeowner simply wanting extra protection in the event of appliances breaking down or other issues that can come up in a home that are not protected under standard homeowners insurance.

Covered items vary widely on these types of warranties, so it’s a good idea to carefully review the warranty to be sure you’re receiving the coverage you need.  In many cases, after-market warranties can be created from an “a la carte” menu, allowing you to select the coverage most important to you.

Each home built by Devoted Builder’s includes a warranty from the largest national home warranty program, 2-10 Home Buyers Warranty with coverage on homes for structural defects that make the home unsanitary, unsafe or otherwise unlivable and include a full ten years of qualified structural warranty coverage from the date of closing. For more information on coverage and the 2-10 Home Buyers Warranty visit www.2-10.com.

When discussing warranties, be clear on the exact resolution process when a problem arises with each covered item. For example, if the fridge breaks down, what is the process for getting it fixed?

Regardless of the type of warranty, there’s no doubt that they are an excellent tool to build trust and comfort between buyers and sellers.

For more of the nitty-gritty details on home warranties, give us a call at (509) 947-5670 or (509) 947-2230.

 

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