Signing up for a home warranty is a great idea for sellers for a couple very good reasons:
Preparing a home for market is a daunting task. The showing standards in Northern Virginia are high. After all, prices are high comparatively speaking and buyers generally don't want to do fix ups when they move in. Plus, a property in need of repair will not command as high a price as one in mint condition.
Even if the repairs are minimal and routine, the confidence level a buyer has in a property will be lowered if the home inspection reveals a long "to do" list. This long list "to do" list will give the impression that the seller(s) has not kept the property well maintained.
While the seller(s) is preparing their home for sale with cleaning and decluttering tasks, a repair to the HVAC, major appliances, electrical system or plumbing systems can be taken care of by the Home Warranty company. If the system is not repairable, the Warranty company will replace it with a system that is comparable in performance.
The Warranty is not paid for by the seller(s) until settlement of the property for sale. This is a tremendous advantage to the seller. Preparing a home for market can deplete the piggy bank in many respects so paying at settlement is a good deal for the seller.
The Warranty is transferred to the buyer at settlement. This Warranty will provide peace of mind to the buyer(s) that a major expense in the first year of home ownership will be covered by the Home Warranty company.
Long & Foster participates with two Home Warranty companies that sellers and buyers can purchase: HMS: www.longandfosterwarranty.com
and 2-10: 2-10.com/warranty
If you would like to sell or purchase real estate call me today, I will treat your transaction as if it were my own!