HOME WARRANTIES
By Owner Pros proudly offers home warranties from 2-10 Home Buyers Warranty. We will gladly activate your warranty for you and answer any questions you have. Home Warranties
provide both buyer and seller with peace of mind after the sale.
Home Warranties are paid for at closing by the seller, buyer or
a combination of the two - whatever was negotiated, no up-front cost.
Call us at (317) 598-9680 or (888) 788-PROS to order a home warranty!
- Home Warranties can increase the perceived value of your
home. In a recent Gallop survey of home buyers, pre-owned
homes with home warranty coverage commanded as much as 2% higher
perceived value than homes without warranties. By increasing the
perceived value, you're more likely to get full asking price in
a sale.
- Home Warranties can accelerate the sale of your home.
The same survey indicated that buyers have more confidence in
homes with warranties. This confidence can result in a quicker
sale - up to 60% faster than homes without warranty coverage.
- Home Warranties protect the equity investment in your home.
A warranty on your home during the listing period can eliminate
many "out-of-pocket" expenses sellers sometimes experience from
unexpected breakdowns and repairs.
- Home Warranties can reduce the potential of "after-sale"
disputes with buyers. Almost 65% of lawsuits brought by buyers
against sellers after the sale are related to property condition
problems.* Home Warranties are designed to reduce this liability,
providing peace of mind for you and your buyer. *Statistical
information obtained from actual E&O Insurance claims filed with
major national E&O carrier.
What you should look for in Home Warranties...
- Does the warranty include most major mechanical and electrical
systems under standard coverage? Your warranty coverage should
include the property's plumbing, electrical, air conditioning
and heating systems, preferably without any additional charges.
Burglar alarm and fire alarm systems are often omitted in warranted
electrical systems. Check the warranty contract to ensure that
these important features are included as standard coverage.
- Does the warranty cover kitchen appliances under standard
coverage? Read the warranty contract fine print to determine
if appliances are included as standard coverage for built-in as
well as stand-alone appliances included with the sale of the home,
i.e. refrigerators, stoves, etc.
- Does the warranty have limits on the number of air conditioning
and heating units covered? If your home utilizes the popular
zoned heating and air conditioning systems, make sure that the
warranty covers multiple HVAC units under standard coverage.
- Does the warranty have a square footage limitation on coverage?
If your home has more than 4,000 square feet, make certain that
standard warranty coverage accomodates today's larger homes without
additional charges.
- Does the standard warranty provide protection from damaging
roof leaks? Safeguarding your home's electrical and mechanical
systems should only be a part of a comprehensive warranty's program
of coverage. Look for features like roof leak repair that provide
extra protection for your home and possessions.
- Is the warranty designed to reduce the potential of "post-sale"
disputes? As a seller, your greatest benefit from a home
warranty is the protection it provides against "after-sale" problems
with buyers. For maximum protection, your warranty should include
comprehensive standard coverage for ancillary electrical/mechanical
items including attic and exhaust fans, door bells and garage
door openers.
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