Home Warranties In A Nutshell
What are home warranties?
What are the beneifits to me?
What is a home warranty?
A home warranty plan is a service agreement that provides protection against the cost of unexpected wear and tear repairs or replacement of your property's major mechanical systems.
Does it matter if I have older appliances?
Whether your home’s mechanical systems and appliances are new or a hundred years old, they are covered as long as your systems and appliances are in good working order at the start of the contract period.
Why do I need a home warranty?
How does a home warranty differ from homeowner’s insurance?
Your homeowner’s policy is designed to cover hazards in your home such as theft and specific disasters. A home warranty plan, on the other hand, provides coverage for repairs to mechanical systems or appliances that break down due to normal wear and tear. Our home warranty protection and your homeowner’s policy compliment each other and provide complete home coverage.
Home Warranty Coverage - Properties For Sale
A Coldwell Banker Home Protection Plan protects home sellers against possible repair or replacement costs on the home's mechanical systems and appliances while the home is on the market.
NOTE:There is nothing worse than having a major appliance fail while your home is on the market (or shortly after the contract is signed) and then have to dig in your pocket to replace an expensive appliance that you will never get to use.
In addition, a Coldwell Banker Home Protection Plan will provide coverage for the new owner of your home for one full year after the home is sold.
Studies show that homes, condominiums, town houses, etc., that provide a home warranty usually sell 15% faster than properties without and can often increase the appraisal value of the home. (Source: National Home Warranty Association).
A Coldwell Banker Home Protection Plan will make your home more attractive to potential buyers, especially if your home’s systems and appliances are “beyond their estimated useful life expectancies”.
NOTE:What concerns home buyers the most is the nagging fear that the home they are considering buying becoming a bottomless money pit of repairs and projects shortly after they buy it.
A Coldwell Banker Home Protection Plan helps to calm home buyers’ fears and provides prospective purchasers with the confidence that they will be buying a comfortable and reliable home for their family and NOT a bottomless money pit.