Finding the best home warranty companies
A home warranty is generally purchased at the time a home is purchased and is often purchased by the listing agent as an incentive for the buyer. In actuality, Home Warranties are not really warranties at all but limited service contracts. Homes sold with a Home Warranty typically sell 10 days sooner that those that don’t offer one, and sell for an average of $2,300 more. However, they are also purchased by California homeowners of older homes and can save owners thousands when appliances are showing their age.
While most systems and appliances come with warranties when new, a home buyer can insure these items remain covered by purchasing a home warranty, which covers heating and air conditioning systems, plumbing, electrical and various large appliances such as refrigerators and ovens. Buyers should be aware that most Home Warranties don’t cover structural defects in a property or the most expensive repairs such as leaky roofs, moisture that might result in mold or foundation problems.
Which company to choose?
So if you do want to purchase a Home Warranty, which are the best Home Warranty Companies to choose? Are they all the same? If not, how are they different? Michele Lerner, author of “HOMEBUYING: Tough Times, First Time, Any Time,” assimilated a list of the top 10 Home Warranty Companies, which appear at http://www.consumeraffairs.com/homeowners/aaa_warranties.html#buyers-guide. Consumers reviewed their Home Warranty Company and rated them from 1 to 5 stars. Some of the best known Home Warranty companies that are available to California real estate agents only averaged 3.5 stars down to 1.0, while some lesser known got rave reviews for services.
Alternatively, a California homeowner could put the money they would spend for a Home Warranty in a ‘home repair fund’. This is good advice regardless and can save the California home buyer the cost of purchasing a new appliance early on. For more tips on buying a house, how to buy a house and real estate articles visit our news website from Property I.D. Corporation.