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Real Estate Tips
Insurance >Home Warranty Benefits Home warranty policies are available to both homebuyers and sellers. What are the advantages of purchasing one?
As the buyer, a home warranty can save you money. If the refrigerator stops working during a hot spell shortly after you move in, it will be fixed or replaced under the warranty at a fraction of the cost of buying a new refrigerator. If you are buying an older home, you might ask the seller to provide a one-year warranty as an incentive. The warranty will protect you from major expense if the plumbing suddenly fails or the roof starts leaking.
As the seller of an older home, you can understand how the warranty can make your home more attractive if you put yourself in the buyer's shoes. The warranty relieves the buyer of concern that they will have to spend thousands to repair a major system that breaks down unexpectedly. It also relieves you of anxiety that the buyer will sue you for failing to disclose a material defect. The warranty only costs a few hundred dollars and can be paid for when the transaction closes.
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Real Estate Trivia
| Q |
What famous $40+ million home has a 60-foot pool with underwater music and a 20-car garage?
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| A |
The home of Bill Gates, co-founder of Microsoft, features the latest futuristic computer technology. |
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GRIMLY FORET, No BS Real Estate Guy!
RE/MAX of Wilmington
5307 Limestone Rd. Suite 100
Wilmington, DE 19808
302-777-5987
Fax: 302-442-7047
REALTORŪ, Certified Real Estate Negotiator (CREN), Certified Distressed Property Expert (CDPE), Real Estate Marketing Strategist, Residential & Investment Real Estate   
www.NoBSRealEstateGuy.com
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