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What is a home warranty

A home warranty is a residential service contract that provides repair or replacement coverage for the major operating systems and appliances in a home that fail due to normal wear and tear.

Home Buyers’ Benefits

• You can be covered for unexpected home repair or replacement costs on many of your home’s major systems and appliances.
• Coverage is often offered regardless of the appliances’ age, make or model.
• If it can’t be fixed, it is usually replaced. 
• It only takes a phone call and a small service fee to fix the problem.
• Service is generally available 24 hours a day, 365 days a year.
• You’ll have budget protection knowing you only have to pay a nominal service fee per trade call.

Home Sellers’ Benefits

• Having a home warranty as an additional feature will give you a competitive edge over other homes on the market.
• Buyers have more confidence in your home and there is usually less negotiating in getting closer to your asking price.
• If something breaks after the sale, there is limited liability for you. Buyers will contact the warranty company rather than calling you.
• Protect your budget, one major breakdown before or during the sale of your home can very costly and delay things.