Homeowners ask, "when something breaks who pays"?
When your home is for sale and not sold....something breaks....water heater, furnace...roof leaks....you pay. On the other hand if you would have put a home warranty on your home when you listed it you would only be paying for a service call in most cases.
FlexIt Realty and it's subsidiary companies Homes By Owner Michigan and MyHouseDirect offer a home owners policy which is in essence an insurance policy against unforeseen problems with residential properties. This covers the seller for the length of the listing contract and offers the buyer a one year protection period when they purchase the property.
We feel since you do not pay anything out of pocket for the coverage until your home sells this is a great way to have piece of mind. It also costs you nothing if your home does not sell. At the end of the contract say you do not re-list the property you owe nothing for any repairs made.
This protection also makes the buyer feel better. If something major goes wrong the most out of pocket expense the buyer will have to pay is a small service call fee. So look at it this way....if your furnace goes out before you sell it is covered in most cases.
If you are selling and the buyer is looking at two homes with similar price and features but one has a one year home warranty and the other does not which one are they most likely to buy?
Think a home warranty could help you sell....if you are not listed and are thinking of selling call a "Flexpert" (R) to find out how you can sell and protect yourself from costly repairs at the same time.