The one single thing that you can do to protect yourself is to purchase a home warranty immediately when you list your home or when you put a contract in on a home. Why is that?
For many reasons. No party wants to deal with surprise expenses during the course of a transaction or worse yet--- at the settlement table. The home warranty usually covers all things "that run". That includes electrical systems, plumbing systems, the heating and air conditioning unit(s), major appliances and so forth. To replace any of these items would be expensive and a nuisance to say the least. Just do it--buy a home warranty and be done with it. No more worry over pre-existing conditions and unexpected large scale expenses during the listing period and for a year after settlement. And the policies are usually renewable!
Long & Foster has recently put their stamp of approval on the 2-10 and HMS warranties. What does this mean for buyers and sellers? It means that with Long & Foster adding their name to the product, this will add them in the picture and hold them accountable should anything go awry. Hows that for backing up their clients? Thumbs up for Long & Foster for taking this bold step!
They (we) sincerely want you to have a smooth transaction and we want you to be happy in your new home!
If you'd like to buy or sell a home call me today. I will treat your transaction as if it were my own.
Ps All photos are a courtesy of: http://www.freedigitalphotos.net/