Colorado Springs Vintage Homes Blog
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It’s all about the home warranty
Include a Home Warranty with your house — it will help it sell faster!
Everything you ever wanted to know about Home Warranties
Get a Free Market Analysis on your Home, Email KTorline@msn.com or call 719-287-1049
What is a home Warranty?
It is typically a one-year service contract that protects a resale homebuyer or current homeowner against the cost of 
unexpected repairs or replacement of major systems and appliances that break down due to normal usage. Coverage can also be available to home sellers during the listing and escrow period.
How does it work?
For an annual fee of $250 to $600, the warranties cover repair or replacement of basic home systems such as plumbing and heating, plus major appliances. Air conditioning, pools, spas, wells and sometimes roofs can typically be added to the basic policy for an extra fee.
The warranty company contracts with local repair companies to provide service. If something breaks, the homeowner calls the warranty company, which arranges with the local company to dispatch a repair technician.
When buying a home warranty, would should I check into?
Find out which government agency, if any, regulates home warranty companies in your state and check its complaint records.
If regulation does not exist, pick a company that has a long track history in your state and solid financials.
Ask your Colorado Realtor for a recommendation.
Why would a buyer want a home Warranty?
It gives buyers the advantage of convenience, budget protection, and easy, dependable service.
How does it help a house sell faster?
A home warranty can provide a competitive edge over other homes on the market and represents confidence to the buyer. According to a Gallup Poll Finding: About 75% of those homeowners surveyed agreed that a home warranty would give them a greater level of confidence in a previously-owned home that they might purchase.
How does a home warranty help a house for sell for more?
It can discourage downward price bargaining.
How is a home warranty different than my property insurance?
A home warranty covers items not covered under your standard homeowner policy. For example, if your water heater leaks and water damages the floor, your homeowner’s insurance policy may cover the damage to the floor, but not the repair or replacement of the water heater.
Other Seller Articles
- Tips for Selling Your Home in Colorado
- Increase Your Curb Appeal
- 15 Steps to Get Your Home Ready to Sell
- Is my Home in Colorado Springs Ready to Show and Sell
If you enjoyed reading this article, why not Kathy (719-287-1049) KTorline@msn.com
