Home Warranties Offer Peace of Mind:
There's little that's more disheartening for a new homeowner than to walk into the garage only to find a large puddle under the water heater. Not only are you facing the hassle of getting a new water heater installed, but you are likely financially strapped after just buying a house. Home warranty plans can help alleviate buyers' and sellers' fears that a failed major appliance or other item covered under the policy will come back to haunt them. "The seller usually pays for the home warranty," said Beverly Durham, a Realtor® in Camarillo, Calif. "It's a small price to pay for the seller to not have the buyer call them a few months after they move in and demand they fix the dishwasher that just broke down. A home warranty relieves the seller of some liability." It also gives the buyer protection from some possible major expenses they aren't prepared to take on. Home warranty plans generally cost between $250 and $400 for the first year....