The Convenience of a Home Warranty

Los Angeles and South Bay Real Estate Video Blog with Lenny LaRocca

Home warranties are a very useful tool. They can be used by buyers and sellers to save on a lot of maintenance costs.

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I’m here today to talk about home warranties and everything you need to know about them, whether you are a buyer or a seller. A home warranty is an insurance policy that covers the cost of repairing or replacing almost any system in your home. They typically cost between $300 and $900 depending on the home, but it can save you much, much more than that in the long run. The great thing about a home warranty is that if something breaks, you don’t have to go through the hassle of finding a repairman or interviewing multiple repairmen for the job. What you can do instead is contact the warranty company, and they will send somebody out. You will have to pay a $50 to $75 service charge per visit, but all of the other parts and maintenance work is covered by the warranty. Your warranty could pay for itself on your first claim.

It’s common for sellers to include a one-year warranty.

Home warranties can be used by any buyer or any homeowner, regardless of how long they have lived in a home. Warranties are especially advantageous for first-time home buyers, most of whom are on a strict budget. It’s very common for sellers to offer a one-year home warranty to buyers for their home. It’s fairly standard. These are fantastic investments. A great insurance policy for the seller and the buyer, and a wise move if you’re thinking about moving yourself. If you have any questions for me about home warranties or anything else relating to real estate, give me a call or send me an email. I look forward to hearing from you.