Buying A Charlotte Home...Get A Home Warranty

When you purchase a home you are making the largest single purchase of your LIFE. the experience can be both exhilarating and frustrating at the same time. there are so many unknowns in buying a home. that is why people utilize local Realtors to help them with the purchase of a home. But there is one thing you can do to help protect your investment....Buy a Home Warranty. A home warranty is not like your insurance policy. this actually covers things that can and do break inside the house. The best analogy I always use is purchasing a car. You have insurance against accidents but a warranty against mechanical failure. A home warranty works in the same premise. I mentioned in an earlier post that sellers would be wise to offer a home warranty to buyers when they place their home on the market for sale. However; not all will do and not all can. For example, the bank will not give you a home warranty. they will give you a certain amount to your closing costs and if you have enough left after all the fees you can apply it to the home warranty. On a short sale the seller will not be able to offer a home warranty....They are walking away from the house for less than is owed on the house an the bank will generally not pay for the buyer to get a home warranty since they are already taking a loss on the house. But as a home buyer even if the bank, or seller will not pay for one...I advise everyone to get one. it is peace of mind. A home inspection will tell you what is wrong with the house. however; that is only valid on the day they looked at it. What happens if, say, 3 months after you move in something breaks? Now, you have just moved and closed on the house and probably bought some newer items and maybe paint...Do you have the money for the repair? Do you want to pay for the repair? A home warranty will cover you against those incidental things that can come up...With a small deductible (generally $50 or $60) you can have the peace of mind of knowing that it will be repaired. Considering they only cost around $400.00 a year it is a small investment for a large purchase. So, if you are buying a home and the bank will not give you a home warranty or the seller will not pay for one...purchase one. That minimal investment can save you thousands over the course of a year. Dave diCecco Realtor/Broker www.davedicecco.com