"Ask and you shall receive" is the mantra you should have in regards to getting a home warranty when you buy a home. A home warranty covers some repairs, such as a broken furnace or leaky water heater. The homeowner may include the warranty in the price. When purchasing a home, it is common that the seller will accept a request to provide the first year's warranty premium as part of the sale of the property.
Be sure to request the inclusion of a warranty. You should tell the real estate professional who is representing you that you want a warranty. Be alert to the inspection report and use it to your advantage to negotiate a warranty with the seller to address potential repairs that may be in the home's future.
Get several quotes on warranty contracts. The seller may offer a warranty from a specific company; you should do some research and make sure that warranty will suit your needs.
Be sure to research a variety of home warranty companies; find out what they cover and what they don't. Do not hesitate to ask for the purchase of a warranty from a particular company that you like and has the coverage that you want. On the other hand, warranties for homes are all pretty much the same. If a homeowner purchase a home warranty contract, they are responsible for all deductibles and payments that must be made under the warranty contract.Any obligation of the seller ends once the warranty is purchased, unless other arrangements have been made. The buyer can decide whether to purse buying the coverage or not to do it..after one year...
Home warranties make life easier for buyers by providing funds for major repairs if they're needed after the sale is complete. There are exclusions and deductibles but nevertheless, that is just like any other insurance policies. Make sure your home warranty gives you the coverage you need, and read the fine print before you sign it.
Tips in Getting a Home Warranty