RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
  • Agents
  • Brokers
  • Teams
  • Marketing
  • Coaching
  • Technology
  • More
    • Headliners New
    • Luxury
    • Best Practices
    • Consumer
    • National
    • Our Editors
Join Premier
Sign In
RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
RISMedia
No Result
View All Result

The Value of Home Warranties: Protect Your Wallet

Home Consumer
May 19, 2013
Reading Time: 2 mins read

RISMEDIA, June 30, 2011—Even with home sales and prices continuing to fall nationwide, millions of Americans will still navigate the process of buying and selling homes this summer, and for many, the sheer volume of details and decisions can be overwhelming. With so much to consider when buying or selling a home, it can be challenging to investigate even routine aspects of the process, such as the value of home warranties.

Lelia Chapman, vice president of field sales for one of the nation’s oldest and largest home warranty providers, American Home Shield, says that a reliable home warranty can help provide an important measure of confidence for the buyer and help set a seller’s home apart from the competition.

Still, even with advantages to both parties, many buyers and sellers remain uninformed about the purpose and benefits of home warranties, which cover the repair or replacement of many home-system components and appliances. Home warranties—which are available for single-family homes, condominiums, townhouses, vacation homes and multi-unit properties—address key consumer needs, typically covering the cost of replacing or repairing such things as heating and air conditioning components, dishwashers, water heaters, ovens, garbage disposals, and more.

Such items are not usually covered by homeowners insurance and can be very costly to repair or replace if not covered by a home warranty. Replacing the dishwasher alone can be more costly than an annual home warranty payment; the cost for a one-year home warranty from American Home Shield begins around $300.

“When a system or appliance breaks down unexpectedly, it can be very inconvenient and stressful to homeowners—not to mention potentially devastating to a household budget,” says Chapman.

While many of the home’s system components and appliances are covered as part of a standard home warranty, if home buyers wish for more household items to be covered, they should determine whether their home warranty provider offers an add-on package. American Home Shield offers plans allowing consumers to customize their home warranty to cover specific components and appliances, including ceiling fans, garage door openers, swimming pools and more.

Advantages for both buyers and sellers
Whether the home warranty is provided by the seller of the home or purchased by the buyer after the sale, there are numerous advantages to both parties.

“Home warranties are appealing to buyers because they cover appliances and system components that a new homeowner has no familiarity with,” says Chapman. Sellers benefit from offering a home warranty because it sets the home apart from the rest of the competition in today’s saturated market, often leading to faster sales at better prices.”

Get the plan that’s right for you
While home warranties are a popular addition to the home buying and selling process, they may be purchased at any time. Chapman encourages consumers to do their research before choosing a plan or provider, as costs, coverage levels, customer service and other factors vary. American Home Shield’s website offers homeowners an interactive experience where they can review a range of options and custom-design plans based on the cost and coverage level that is right for them.

“In today’s economy, home warranties make sense more than ever,” says Chapman. “Not only are they a great tool to help you sell your home, but they’re something you definitely want to insist on when buying one.”

For more information, please visit www.ahs.com.

ShareTweetShare
Susanne Dwyer

Susanne Dwyer

Related Posts

Housing Affordability Worsens in Q3 2023
Industry News

Housing Affordability Worsens in Q3 2023

September 29, 2023
The October Issue of Real Estate Magazine Is Now Live
Agents

The October Issue of Real Estate Magazine Is Now Live

September 29, 2023
Family-Owned Long Island Brokerage Joins Century 21
Industry News

Family-Owned Long Island Brokerage Joins Century 21

September 29, 2023
Florida Firm Joins RE/MAX
Industry News

Florida Firm Joins RE/MAX

September 29, 2023
Mortgage Mix: Government Shutdown Looms; DOJ Wins Redlining Case
Agents

Mortgage Mix: Government Shutdown Looms; DOJ Wins Redlining Case

September 29, 2023
Op-Ed: The Civic Duties of the Real Estate Professional
Agents

Op-Ed: The Civic Duties of the Real Estate Professional

September 29, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Tip of the Day

How Smart Devices Can Help Manage a Home’s Energy Use

Sustainability isn’t just a moral imperative. It’s good business, too. Read more.

Business Tip of the Day provided by

Recent Posts

  • Housing Affordability Worsens in Q3 2023
  • The October Issue of Real Estate Magazine Is Now Live
  • Family-Owned Long Island Brokerage Joins Century 21

Categories

  • Spotlights
  • Best Practices
  • Advice
  • Marketing
  • Technology
  • Social Media

The Most Important Real Estate News & Events

Click below to receive the latest real estate news and events directly to your inbox.

Sign Up
By signing up, you agree to our TOS and Privacy Policy.

About Blog Our Products Our Team Contact Advertise/Sponsor Media Kit Email Whitelist Terms & Policies ACE Marketing Technologies LLC

© 2023 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

No Result
View All Result
  • Home
  • Premier
  • Reports
  • News
    • Agents
    • Brokers
    • Teams
    • Consumer
    • Marketing
    • Coaching
    • Technology
    • Headliners New
    • Luxury
    • Best Practices
    • National
    • Our Editors
  • Publications
    • Real Estate Magazine
    • Past Issues
    • Custom Covers
  • Events
    • Upcoming Events
    • Podcasts
    • Event Coverage
  • Education
    • Get Licensed
    • REALTOR® Courses
    • Continuing Education
    • Luxury Designation
    • Real Estate Tools
  • Newsmakers
    • 2023 Newsmakers
    • 2022 Newsmakers
    • 2021 Newsmakers
    • 2020 Newsmakers
    • 2019 Newsmakers
  • Power Broker
    • 2023 Power Broker
    • 2022 Power Broker
    • 2021 Power Broker
    • 2020 Power Broker
    • 2019 Power Broker
  • Join Premier
  • Sign In

© 2023 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.