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Is a home warranty worth negotiating on my offer?

In this Realtor's opinion - yes! I am an Oakwood, Ohio resident where most of the homes are around 60 years old. With older homes the mechanicals and appliances in the homes can fail. I negotiated that the seller pay for a home warranty (average price $450) for our home which covers mechanical breakdowns due to normal wear and tear of the major systems and appliances. After living in our home for only a month the air conditioner stopped working and it was a humid July! After contacting the home warranty company and paying a $50 service fee, the technician who was sent to the home determined the air conditioner was beyond repair. The home warranty company replaced the air conditioner! The average price of an air conditioner is $3000 - $6000 installed! If you don't at least purchase home warranty insurance for yourself, then you could be gambling thousands of dollars!

Christina

Blog article provided by Christina Cavins, a Nationally recognized Realtor with Irongate Inc. Realtors. Christina can be reached via email at ChristinaCavins@aol.com or by cell phone or text message at 1-937-205-4741. For Ohio real estate and homes see Ohio Real Estate.

 

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Comment balloon 9 commentsChristina Cavins • December 27 2007 05:24PM

Comments

I always negotiate a home warrenty. It is best for the buyer, seller and protects me from midnight calls
Posted by Val Rensink (HomeSource Lamoreaux Group) over 12 years ago
I have been buying one for each of my buyers.  I think it's a good service to offer.
Posted by John Walters, Licensed in Louisiana (Frank Rubi Real Estate) over 12 years ago

Thanks for the comments Val and John!

Christina

Posted by Christina Cavins, www.BuySellOH.com Search Ohio Homes For Sale (Irongate Inc. REALTORS) over 12 years ago
I agree with you on home warranties. They save a lot of angst after the sale.
Posted by Wayne B. Pruner, Tigard Oregon Homes for Sale, Realtor, GRI (Oregon First) over 12 years ago
We always ask the seller to provide a home warranty.  It seems these days we have more sellers offering them.  When our market was crazy I included them for my buyers as a "thank-you".
Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 12 years ago

Christina,

 Your right on the point. I start to offer free 120 day seller warranties, and 90 day buyers warranties to my clients that also works in conjunction to the warranties you offer to your clients. I feel that mine helps cover anything that happens right up front, and yours will cover anything that might happen in the long term. It is always nice to know that you are providing a great service for your clients.

Posted by Mark H. Roe, BeSure Home Inspection Service (BeSure Home Inspection Service) over 12 years ago
I always ask for the seller to pay for a home warranty and I would never let a deal fall thru over the home warranty.
Posted by Jeff Payne, Panama City Real Estate (The Payne Group at Keller Williams Success Realty) over 12 years ago

Thanks Wayne, Cindy, Mark, and Jeff for all your comments!

Christina

Posted by Christina Cavins, www.BuySellOH.com Search Ohio Homes For Sale (Irongate Inc. REALTORS) over 12 years ago
If its not being offered by the Seller and I am the Buyers Agent, I ALWAYS offer it to them as a "Gift"
Posted by Hector M. Yepis Realtor Broker, TEAM MAUI Real Estate (RE/MAX Island Properties) over 12 years ago

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