free for sale by owner
FHA Secure Mortgage Guidelines

Hope for Homeowners Program

Home Warranty

Offering a home warranty to home buyers when you are selling your home is a big plus for buyers, especially if your home is more than 5 years old. A home warranty that will cover the major systems that include heating, air conditioning, electricity, plumbing, appliances and more.

The a typical home warranty costs approximately $275.00 to $400.00 per year depending on what additional items you may choose to have covered.

For an additional fee, you may choose to have coverage for pools and their associated electrical appliances as well as other items usually not covered such as washers, dryers, refrigerators etc.

As a For Sale By Owner, you may want to advertise that a home warranty will be included with the home sale. The money will be well spent.

Once a buyer takes possession of his new home, it can be very troublesome and expensive if major systems break down. The home Warranty Company covers these items just like an insurance policy and the coverage can be renewed each year by the new owner if desired.

In the event of a problem, the home warranty company will charge a deductible.
It is usually $25 to $50 per claim. They'll send out their approved repair companies to take care of the problem.

Consult your local yellow pages for listings of Home Warranty Companies or ask your local real estate company.

Many buyers are on a tight budget and are concerned about appliances, plumbing, heat and air, and roofs.
Offering your buyer a warranty will boost their confidence and save you a lot of worry. They are not expensive.

 

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