What is a home warranty?

How a Home Warranty Can Help Buyers and Sellers

A home warranty is a great investment whether you're buying or selling a home, or even if you're a current homeowner who is planning to stay put for a while. When selling, you don't want to get stuck having to spend a lot of money if an appliance breaks right before you move out. When buying or remaining in your home, you want to prevent yourself from having to pay big bucks for major repairs or replacements.

Homebuyers often see the Coldwell Banker Home Protection Plansm, issued by American Home Shield®, as a premium add-on to a home sale. A recent consumer study conducted by an independent company supports the fact that homes covered by a Coldwell Banker Home Protection Plan will sell an average of 11 days faster and for an average of $2,314 more.*

Georgie Smigel, marketing real estate professional in the greater Pittsburgh area affiliated with the Coldwell Banker® brand, also knows the value of including a home warranty in her deals. Thanks to American Home Shield (AHS®), Smigel can be sure her clients aren't saddled with the expense and inconvenience of a major system breakdown in their new home.

"We're blessed with a lot of industry like Westinghouse, a huge facility hiring a lot of engineers, in addition to PPG Industries relocating its headquarters within the area. I always try to get an AHS home warranty on every listing," says Smigel. "It's a big stress reliever for my seller. When we sell, and have the inspection, if one of the systems is failing, we have coverage."

Smigel goes on to say that incorporating an AHS home warranty into the home-buying or -selling process has saved a lot of her deals over the years. Whether it's the furnace, HVAC system or any other covered item that fails during the listing period, the AHS service has saved her clients significant money time and time again.**

Home warranties are a great way for home buyers to protect themselves against unexpected costly home repairs. And most home sellers will agree that the relatively small upfront cost of a home warranty is worth the money to be made from a quick sale at a great price.

For more information, please contact Neaulani

*Information above is based on data collected by AHS and a large national real estate firm of the firm's listings that closed between January 1, 2012 and December 31, 2012. We studied 24,230 listings from across the country ranging in price from $100,000 to $500,000. These results were verified by Cannon & Company, a third party accounting firm.

**Comments reprinted with permission from RISMedia. © 2015. All rights reserved.

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