Consumption and Real Estate
I’m selling my home ‘as is’ because it has a lot of problems — should I offer a home warranty?
Question : I’m selling my home ‘as is’ because it has a lot of problems — should I offer a home warranty?
What are some of the problems I might have? I truly expect many things to break within the first year of ownership.
first home warranty
Best answer:
Answer by userdags
No, do not offer a home warranty at all.
If you need to lower the price, then lower it but if you have a warranty, it will end up costing you more than what you lowered the price of your home for
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#4 written by alterfemego 1 year ago
Why don’t you consider repairing the items that need fixing? Sometimes a little elbow grease can save you thousands. I wouldn’t offer it for sale “as-is”, but you could offer the warranty, that is a good idea. Most folks will have or should have an inspection done prior to committment, but some don’t want to spend the money. No don’t offer to pay for the inspection, it’s a conflict of interest. Don’t go there legally.
I still think you would be wise to repair/clean/paint and offer for sale with a warranty. Don’t give away what you don’t have to.
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#5 written by MSAD 1 year ago
Then a warranty would be a good thing to offer potential buyers.
In a lot of areas, it’s a buyers market. Anything you can do to make your home more desirable is only going to help you sell it.
You may also want to consider getting a sellers inspection. Most buyers are not going to buy a home with out an inspection. So, beat them to the punch- go ahead and get a sellers inspection. There may be a lot of little things that you can fix for little money. These are things a buyers inspector would find – so how about you go ahead and find them now and fix what you can.
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If your home is listed by a REALTOR, several Home Warranty firms will give the seller full coverage while the home is on the market -must be a 180 day listing contract(American Home Shield, First American, eg).
Some give a $ 60-75$ kickback to the listing agent while others allow that bonus to be applied to extra coverage for the seller during the listing period (i.e. air, heat, etc).
You may want to get your listing agent to commit for the home Warranty cost as an incentive for them to get the listing.
You can save yourself thousands by getting a sellers inspection and taking care or minor items by yourself or with home warranty (as per their rules). This a golden incentive in today’s market. the money you spend will come back to you as a higher selling price in a shorter period.
Good Luck!!