Why You Should Include a Home Warranty with Your Home’s Sale

Home Warranty

When you put your home on the market, you will most likely clean and de-clutter, as well as stage it with newer furniture and on-trend décor. However, you may not have considered including a home warranty. While it is not always at the top of every home seller’s list, it can be significantly beneficial to you. Here a few of many reasons including a home warranty with your home sale can benefit you.

Including a Home Warranty Reassures Your Buyer

Including a home warranty with your home’s sale gives buyers comfort. If something happens to go wrong with the systems and appliances of the home, they are protected.

Including a Home Warranty Gives You Peace of Mind

Having your air conditioning break while your home is on the market is one of the numerous unpleasant scenarios that can happen. Many home warranty companies provide sellers’ coverage when a home warranty is included as part of the sale. Typically, sellers’ or listing coverage is free, and will assist with repairing or replacing systems or appliances that break down while your home is on the market. This coverage is less comprehensive than a regular plan, so be sure to check what is covered and what is not.

Your Home May Sell Faster with a Home Warranty

According to a study performed by the Service Contract Industry Council in 2014, homes with a home warranty as part of the sale spent 11 fewer days on the market than homes without a home warranty. If you want to sell your home fast, a home warranty can significantly assist is this process.

Your Home Could Bring a Higher Price with a Home Warranty

The study mentioned above also found that listings with a home warranty sold for $2,300 more on average than homes without a warranty. While getting more money for the sale of your home is great, it is even more appealing when you look at the return on investment.

Including a Home Warranty Provides a Higher Return on Investment than Many Repairs

The majority of home warranties cost less than $600. Even if your sales price increases by only half of the $2,300 average seen by properties with home warranties, you are still way ahead. If you compare that to the return seen by sellers who replace their front doors, buy a new garage door or make similar upgrades, you will notice that a home warranty typically brings a good return on investment.

 

These are just a few of the many benefits of including a home warranty with your home’s sale. Contact DBL Real Estate with the link below for more information!

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