What does a Home Warranty Cost? | Is a Home Warranty Policy a good idea?

What does a home warranty cost and is a home warranty policy worth it? You bet!

Hey everybody. I’m Phoenix real estate agent John Cunningham with eXp realty and every Thursday like clockwork, I’m right here on Youtube answering your real estate questions. So if you’re looking to buy or sell, do yourself a solid hit that subscribe button, hit that notification bell. That way you’re in the know next Thursday when I upload my next real estate video. Okay.

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Home Warranty Concept

What does a home warranty cost and as a home warranty policy? A good idea?

I’m going to answer part two first. Yes, yes and yes.

I think a home warranty policy is a really good idea, especially if it’s your first year of homeownership and especially if you’re not particularly handy.

You see a home warranty can really give you peace of mind. It gives you a chance to get acquainted with the house. It’s just like buying an older car. If you buy an older car, sure you take it to the mechanic.

Sure. You check things out and you still don’t really know until a little time goes by if that car has any issues. Same thing with buying a home warranty and an older house.

Sure you have a home inspection and you ask the seller to make some repairs.

But it’s very possible that some things are just on the brink of breaking and it’s just kinda hard to tell during the inspection process.

In that case, wouldn’t it be great to have a home warranty in place if you have a $1,300 air conditioning problem coming up around the corner that you couldn’t tell or you didn’t notice during the inspection process?

Yeah, it would be a really good thing to have and oftentimes we can negotiate and get the seller to pay for that when you’re making a purchase.

Warranty For Your Home | Protection for Your Pocketbook

So what does a home warranty cost? A standard policy is going to start right around $400 and it can go up from there up and over a thousand dollars depending on how big the house is and how big of a policy you buy.

What Does Your Policy Cover?

So for example, almost always your major items like air conditioners and hot water heaters. Those kinds of things will have major coverage. Now an enhanced policy or a premium policy can go beyond that and cover more of those things and they can also cover things like appliances. They can cover things like swimming pools and spas. Sometimes they can even cover septic systems and landscaping drip systems.

So to wrap up, yes, I think a home warranty policy is well worth it and now you know about what the cost can run for those things and almost always when we’re representing the buyer, we’re going to negotiate to get the seller to pay for that on your behalf.

Another Valuable Video:

Now before you go, make sure to check out the link to my next video, the Buyer’s Inspection Notice and Seller’s Response (BINSR).

That’s a really good when it’s where we talk about the negotiation process. Once the inspections are complete, this could be a real nail biter and done wrong it can destroy the entire deal unnecessarily. So check that out and don’t forget before you leave, hit my subscribe button and the notification bell that way I’ll notify you next week when my next real estate videos out. I the meantime thanks for watching this video. See Ya.

Is Offering a Home Warranty to a Buyer Worth It? – by Kyle Hiscock

The Must-Knows of a Home Warranty – by Geoff Southworth

How the Home Buying Process Works – by Jamohl DeWald

When to Consider Buying a Home Warranty – by Debbie Drummond

Home Warranty Benefits – by Anita Clark

Frequently Asked Mortgage Questions Before Buying a Home – by Bill Gassett