Should you Offer an Home Warranty When Selling Your Home

Being that in most states it is a buyer's market, people, especially for sale by owners need to get creative when selling their homes. Offering a home warranty to buyers, may help you close the deal. How exactly does a home warranty help you sell your home?

Offering a seller's warranty provides added assurance that any repairs to major appliances, plumbing, and other home systems will be covered by the seller within a specified time period after the home is purchased, excluding a typical deductible of $50-$100. Seller's warranties are always offered by builders of new homes, but they're becoming increasingly popular as sales tools for older homes, as well. For the seller, the cost is usually around $300-400, but it can be well worthwhile, especially if it means a quicker sale of their home.

Make sure you do your research. Call several companies and compare rates. Make sure they service your state.