Home Warranty: Negotiating Tool for Sellers and Buyers in Springfield
Home Warranties have proven to be a great negotiating tool for both buyers and sellers. We encourage all home sellers to include them with their homes that we list for sale in Springfield, Ozark, Nixa and the surrounding area.
Most home warranties can be initiated at the time of listing the home and therefore provides coverage to the seller during the time it is on the market. It is amazing how many things can go wrong when you decide to sell your home. Invariably, a toilet will leak, the dishwasher or microwave will break or the air conditioning or heat will stop working. For a modest co-payment, typically $50, the home warranty company will send out a technician to fix the problem. In those cases where things are broken beyond repair, they may even replace the item.
Now, we all know home warranty companies are insurance companies and they like to fight claims. As the listing agent that uses home warranties all the time, this gives you leverage to work on your sales agent to get the job done. It is amazing how well this works!
In addition to the above, home warranties really do work as great negotiating tools. For example, when items are brought up on a home inspection, and there is a transferable warranty in place, the seller can often times negotiate fewer repairs.
I have seen time and time again where home warranties really help. I put them on all of my listings and I pay for it. This is a great listing tool as well as a win win for buyers and sellers throughout the transaction.
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