What Should You Know about Home Warranties?

Idaho Falls Real Estate Video Blog with Shawn Anderson

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Hey everyone, today I am excited to talk to you about home warranties. People are always asking us questions about this topic, so today we want to clear the air.

A home warranty is from a 3rd-party company that will cover different components of your house for the first few years you own it. It's very similar to the coverage on an insurance policy, but the deductible is a little lower and the claim response is a little faster.

We recommend home warranties for all of our buyers and sellers. For sellers, you can buy a home warranty and advertise it as an incentive to buyers. If you use one of our home warranty companies, your coverage starts on the day you list your home with us, and transfers over to the buyer, who will have it for a full year. We think this is a great option for sellers, especially if something goes wrong. In that case, you don't have to deal with the hassle of renegotiating repairs, you can simply give the home warranty company a call, and they will have someone come out and fix it for a low cost.

Generally, a home warranty is around $400, but you can add different components to give you more coverage. If you have any specific questions about this, or any real estate questions at all, give us a call or send us an email. We look forward to speaking with you!