Tuesday, February 18, 2014

Home Inspections & Warranties


This morning we have a guest speaker with us today, Mr. Scott Herrmann of ABQ House Detectives and Assurance Home Warranty, filling in for Cheryl Marlow. Can you give us some information on home warranties and how they work?
We have had great success working with many of Cheryl's clients for several years. As a licensed home inspector, I would advise obtaining a home inspection and warranty, and here's why. A home inspection is vital to the process of purchasing a home, negotiating repairs, and fully understanding how to take care of your new home. A home inspection should reveal potential repair items, which, in turn, can save both buyers and sellers thousands of dollars.
Tell me about home warranties.
A  home warranty is a one-time annual premium that is renewable, and covers either the repair or replacement of these home system components that often break down. It's simple: when it comes to home warranties, we PREACH. Plumbing, roofs, electrical, appliances, cooling, and heating.
So what kinds of problems do warranty companies run into?
The most common issue is when people assume certain things are covered, when, in fact, they aren't; or they fail to contact their home warranty company before making repairs. So, the lesson to be learned here is that it's important to read and understand the warranty contract thoroughly in order to ensure that you're covering all of the bases. You can also contact me directly with any questions!
It certainly sounds like home warranties are important!
They most certainly are! Warranties protect all parties involved in a home sale transaction. They protect buyers and sellers from unexpected expenses that can end up burning holes in their pocket. Because buying a home is such a big investment, and probably one of the most important purchases you'll ever make, it's imperative to work with professionals, from your Realtor, to the inspector, to the home warranty company.

No comments:

Post a Comment