Thinking About A Home Warranty?

What is a home warranty?
A home warranty is a one year residential service contract that provides repair or replacement coverage for the major operating systems and appliances that fail in a home due to normal wear and tear.

Guest Author:
Loretta Johnson
First American Home Warranty

Home Buyers’ Benefits :
Move in with assurance knowing your home is covered. You are covered for unexpected home repair or replacement costs on many of your home’s major systems and appliances. Coverage is regardless of the age, make, size or model of the systems or appliances. No “Obsolete Parts Clause”. If it can’t be fixed, we will replace it (*Subject to terms of contract). It only takes a phone call and a small service fee to fix the problem. Service is available 24 hours a day, 365 days a year. You’ll have budget protection knowing you only have to pay a nominal service fee per trade call.

Home Sellers’ Benefits:
Sell with confidence. Having a home warranty as an additional feature will give you a competitive edge over other homes on the market. Buyers have more confidence in your home and there is usually less negotiating in getting closer to your asking price. If something breaks after the sale, there is limited liability for you. Buyers will contact the warranty company rather than calling you. Protect your budget, one major breakdown before or during the sale of your home can very costly and delay things.

A home warranty is just the “life saver” you need to add value and security to resale homes. In today‘s market, sellers and Realtors® alike are looking for ways to bring attention to their properties and something to make them shine over their competition. More and more, buyers are asking for the after sale protection from unexpected breakdowns of the homes major systems and appliances.

Home warranties typically cover major components, such as HVAC systems, plumbing, electrical and hot water heaters to name a few. It is always important to review the brochure for specific coverage details or to call your local representative. Considering the thousands of dollars in items covered by a home warranty, it is a very affordable “safety net” for budget protection, and in fact, a real bargain. Do not buy or sell your home without one, everyone benefits! A First American Home Protection Plan can make buying or selling a home a rewarding experience for everyone involved.

Did you know?
-A customer uses their warranty 2 times on average? If they didn’t have the warranty, then the expense for the repair would be out of pocket.
-In 2006, we saved contract holders over $119 million on their covered systems and appliances.
-Last year, we responded to more than 900,000 service requests.
-Rated “A” Excellent by A. M. Best.
-We have the financial strength to protect their customers.
-We have been providing quality service since 1984.
-13 SEER air conditioning coverage.
-No extra charge for multiple systems.

This "Guest Author" installment was contributed by:
Loretta Johnson
First American Home Warranty
www.homewarranty.firstam.com