Do You Need a Home Warranty?


When you purchase a home, even a home that isn’t new, there is a very good chance that you will be offered a home warranty as a safety net against expensive, unforeseen repairs. It may sound like a great form of financial protection—but is it really the safety net that homeowners expect? Let’s find out if home warranties are worth it.

 

KEY TAKEAWAYS

  • A home warranty reassures a homebuyer and provides the seller with a measure of protection against complaints about home defects that arise after the sale closes.
  • The improper maintenance clause common to warranties can mean the new homeowner isn’t really protected if something goes wrong and the previous owner hadn’t maintained the system properly. Read more about the Do You Need a Home...

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13 Sep 2020


By AMY FONTINELLE