Asking Seller for Home Warranty: Essential Considerations for Buyers

Purchasing a home is a significant investment, and protecting that investment is crucial. One way to safeguard against unexpected repairs is by securing a home warranty. Asking the seller for a home warranty can be a strategic move, providing peace of mind and potential financial savings.

Understanding Home Warranties

What is a Home Warranty?

A home warranty is a service contract that covers the repair or replacement of major home systems and appliances that break down due to normal wear and tear. It is different from homeowner's insurance, which covers damage from events like fire or theft.

Benefits of a Home Warranty

Home warranties can cover costly repairs, making them valuable for both new and experienced homeowners. They can also simplify the home warranty claim process, ensuring quick service and reduced out-of-pocket expenses.

Requesting a Home Warranty from the Seller

When to Ask

It is best to request a home warranty during the negotiation phase of the home buying process. This is when you can incorporate the cost of the warranty into the closing negotiations.

How to Request

Discuss with your real estate agent about including a home warranty in your offer.
Be clear on what coverage is expected and communicate this to the seller.
Consider the home warranty closing costs as part of the overall budget.

Factors to Consider

Coverage Limits

Examine the coverage limits and exclusions of the home warranty to ensure it meets your needs. Not all systems and appliances may be covered, so it’s important to know what is included.

Provider Reputation

Research the reputation of the warranty provider. Look for reviews and ratings to ensure reliable service and customer satisfaction.