You have just found a new home
that you love and are planning to place your current home in town on the
market. When the day arrives for your first open house, you begin to think of
all of the things that could break down or go wrong. The air conditioner may
stop working or your trusty old dishwasher might "bite the dust" the
morning that the structural inspection is scheduled. Purchasing home warranty
protection is one way to reduce the worries for you and your buyer.
The most popular warranty plans cover the home
from the time it is listed until one year after the closing date. Although the
details of these policies vary, there is usually a standard deductible of $35 to
$100 (this amount differs from state to state). Many sellers purchase these
warranties to make their property more attractive to potential buyers and to
limit their liability in the event that a problem is discovered after the
closing.
