Has anybody ever heard of this? (real estate, insurance, house)

[forest drive]

My agent called and said for us to offer a Home Warranty of One year to the buyer.

I have not heard of this?

Any thoughts good bad?

Please help.

Thanks in advance

Sorry I didn't explain I'm selling my house.

[DaSkorpion]

Originally Posted by forest drive

My agent called and said for us to offer a Home Warranty of One year to the buyer.

I have not heard of this?

Any thoughts good bad?

Please help.

Thanks in advance

Sorry I didn't explain I'm selling my house.

===========

Most sellers throw a home warranty in as an incentive but you are not obligated to..!!!

[kamla]

i would do it..
it cost around 500 for a 600K house..

you get the insurance from ur real estate agent

[New Skin]

For the cost to you, it may help sell your home faster. Buyers look at it as extra peice of mind.

[MLN2603]

You, the seller, pays for it and your real estate company is the one that insures the house. You have nothing else to do with it except pay for it. If the buyer decides that they need to sell the house within the year, the real estate company will buy the house off of them and resell it. If something happens, say a leak in the roof, it is also covered within the one year period.

[tahiti]

the buyers of my first house wanted one - my agent foot the bill. nothing to do on our part.

[forest drive]

My house is in Pa will had to move out of State due to jobs.

So the house is empty.

My house is custom built 4 years old. 5 bedrooms and 3 full baths.
4072 square feet.

The listing price is 329,900

So what do you think this insurance would be?

Thanks to both.

This is so stressful being in one state and selling in another.

This is about third time we have done this...

I'm done..

[JBrown]

Since you're the seller it's a "can't hurt' selling point.

As a buyer , and from others I know with like experiences..(ie ,,,actually filing a claim and trying to make use of the "insurance", they tend to be worth little more than the paper they're printed on...

[forest drive]

Thanks again. I hope it goes by the end of the summer. I know you all are wondering why I didn't post on the Pa forum.

The people on that forum are big CORNS!!!!!!!

I am a True nj and you have to be so perfect to post over at that forum.

Don't dare let your fingers do a misspell... The people on that forum will call you a stupid a$$..

NJ more relax..

Miss the nj flare.

[regarese]

Originally Posted by JBrown

Since you're the seller it's a "can't hurt' selling point.

As a buyer , and from others I know with like experiences..(ie ,,,actually filing a claim and trying to make use of the "insurance", they tend to be worth little more than the paper they're printed on...

Maybe my experience was different from the norm, but we had no problems what-so-ever filing for and receiving the work needed under the warranty. Major plumbing problem with the stack from a bathroom that was unused by the previous owners (hence the reason they didn't fix it). We contacted the warranty people, they gave us the name of a plumber to call, we paid our $55 "co-pay" and they fixed the problem. No complaints from us at all. We were very glad that the warranty came with the house!!