Question: Is adding a home warranty when selling your house worth it?
Answer: Absolutely—here’s why.
What Is a Home Warranty?
A home warranty is a service contract that covers the repair or replacement of major home systems and appliances, such as HVAC systems, water heaters, and kitchen appliances. It’s not the same as homeowners insurance—it focuses on wear-and-tear issues rather than accidents or disasters.
How It Benefits Sellers
- Attracts Buyers
Offering a home warranty can make your property more appealing, especially to first-time buyers who may be nervous about unexpected repair costs. - Protects During the Sale
A seller’s home warranty can cover you during the listing period in case something breaks before closing. - Reduces Negotiations
If a home inspection reveals issues, a home warranty can prevent buyers from demanding costly repairs upfront. - Increases Buyer Confidence
Buyers feel more secure knowing they’re covered for certain repairs after they move in, making them more likely to choose your home over another.
How It Benefits Buyers
- Peace of Mind
Buyers don’t have to worry about surprise repair costs during their first year in the home, which can be especially comforting after making such a big purchase. - Budget Protection
A home warranty minimizes out-of-pocket expenses for repairs or replacements of covered systems, helping buyers manage their finances more effectively. - Simplifies Repairs
Buyers can rely on the warranty company’s network of qualified service providers, saving them the hassle of finding reliable contractors. - Focuses on Enjoying the Home
Instead of stressing over maintenance issues, buyers can focus on settling in and enjoying their new space.
The Cost
Home warranties typically cost between $450 and $700 for a one-year plan. This small investment could save sellers from repair costs during the sale process and give buyers confidence in their purchase.
Final Thought
Adding a home warranty is a win-win for sellers and buyers. It’s an easy way to add value, reduce stress, and close the deal faster.
Want to discuss whether a home warranty makes sense for your sale? I’m here to help—let’s chat!