Special offer

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Rainmaker
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I consider it a positive... by offering up front sellers have coverage and I control the cost of the warranty before a buyer's agent writes a contract asking for a more expensive warranty.

Nov 21, 2019 06:15 AM
Rainmaker
1,844,301
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

I often wrestle with this. If you offer it, what are you subliminally saying to a buyer? Buyers are worried about all the big ticket items being old.

I don't think they are a bad thing but I'm surprised that they are now advertising on TV to the 'unhandy' on this planet as peace of mind. Big amount each year on a townhouse as example.

In the FB AR Peeps group we posted about Amazon offering a home warranty now.

Nov 21, 2019 06:05 AM
Rainmaker
1,513,143
Raymond E. Camp
Ontario, NY

Coming from the auto industry, my opinion is on what is the cost.

Most times if you put that amount of money in the bank it would cover something that broke.

"You're damned if you don't and you're damned if you do!"

Nov 21, 2019 06:03 AM
Rainmaker
4,572,183
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

It can be seen as a marketing strategy....  

Nov 21, 2019 05:46 AM
Rainmaker
911,338
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

They use to be common, but seem to have lost some appeal these days. Sellers should just be prepared to provide one. Some buyers will request one, others don't care. There is a benefit to activating one during the listing as a benefit / protection to sellers.

Nov 21, 2019 05:45 AM
Rainmaker
4,882,355
Richard Weeks
Dallas, TX
REALTOR®, Broker

Positive and possible a good risk management tool.

Nov 21, 2019 06:01 AM
Ambassador
3,345,091
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Offering it how?  Seller to Buyers. Agent to Seller? Buyer/Seller to split the cost?  Sellers coverage during the listing period? 

I do not see a benefit in my market. In the scheme of things ... it is mice nuts. 

That said, if an outstanding offer comes to the seller and it includes a home warranty, the seller will likely agree to pay it. 

Nov 21, 2019 08:19 AM
Rainmaker
617,935
David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

Donald,

I’ve not found it to be a positive in getting more showings, offers or a better price.

I think it can signal the seller is highly motivated which may produce lower offers.

I prefer to discuss it with the seller and have them plan to offer it if needed as a part of what they do to resolve inspection issues.

Typically they pay to resolve a big issue or two and then offer the home warranty in lieu of fixing a bunch of nickel and dime stuff.

Nov 21, 2019 07:40 AM
Rainmaker
1,052,211
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

A question each year from my E/O carrier . . . "How many residential transactions included a home warranty?" 

They find it a risk reduction tool and so do I.

 

Nov 21, 2019 07:04 AM
Rainmaker
2,390,620
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

I've always thought of it as positive. How could it be misconstrued as negative Donald Urschalitz ?

Nov 21, 2019 06:32 AM
Rainmaker
469,510
Dan & Laurie Pittsenbarger Team
Keller Williams Western Realty - Bellingham, WA
Lakeside & Coastal Single Family Homes

Positive in my opinion.

Nov 21, 2019 06:23 AM
Rainmaker
900,128
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

It shows support for your seller; might be helpful as a listing tool.

Nov 21, 2019 05:57 AM
Ambassador
2,061,814
Alan May
Jameson Sotheby's International Realty - Evanston, IL
Home is where the hearth is.

Explain to me, please, how it could be considered a negative?

Nov 21, 2019 05:45 AM
Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Donald,

I have not seen it done in the luxury arena.  This is another one of those questions where "it depends" on the market. A

Nov 21, 2019 07:20 AM
Rainmaker
2,781,173
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

You cannot find fault with a free insurance coverage especially since the stakes are so high on Real Estate purchases. 

Nov 21, 2019 07:15 AM
Rainmaker
3,626,530
James Dray
Fathom Realty - Bentonville, AR

I've tried that in the past, it didn't help me at all

Nov 21, 2019 07:12 AM
Rainmaker
1,197,152
Peter Mohylsky, Beach Expert
PMI. Destin - Miramar Beach, FL
Call me at 850-517-7098

I think it is a positive but what is your goal here?  Home warranty, clean home inspection, bonus to buyers agent... do any of these things really work? 

Nov 21, 2019 07:09 AM
Rainmaker
1,543,823
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

Positive, never could be a negative...it's a bonus!

Nov 21, 2019 07:04 AM
Rainer
225,526
Bob Betel
Allstar Home Mortgage, Inc. - Sweetwater, TN
President, Allstar Home Mortgage, Inc

If the seller is paying for it, then why not? Anything you can get for free is worth it.

Nov 21, 2019 07:03 AM
Ambassador
2,436,099
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

I think it's positive to offer one. 

Nov 21, 2019 06:38 AM
Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

it's a positive..... 

Nov 21, 2019 06:30 AM
Rainmaker
1,239,901
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Positive to get the listing.  Let buyers feel they are protected.

Nov 21, 2019 10:03 AM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

What problem does it solve?

Often warranties are offered on new construction when everything is covered by mnfg warranty.

I offer (not advertise) home warranty when the appliances merit a backup plan.  Those homes updated 9 years ago are good candidates for home warranties.

Nov 21, 2019 06:37 AM
Ambassador
3,164,294
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I generally tell my sellers be preparted to pay for one as part of the negotiations.

Nov 22, 2019 08:15 PM
Rainmaker
1,712,676
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I quit recommending them long time ago. 

Nov 22, 2019 06:36 PM
Rainmaker
901,535
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
NC Real Estate Transition & Relocation 919-602-848

Positive. If the buyer doesn't want it they do not have to take it.

Nov 22, 2019 05:51 AM
Rainmaker
5,216,409
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

So many variables here. Each warranty company has different coverages and exclusions. Read them carefully.

Condition and age are other factors to be considered.

Your call!

Nov 22, 2019 04:03 AM
Rainmaker
758,035
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

I'd say it's a positive. It can be turned into a negative if the buyer starts nitpicking what is covered.

Nov 22, 2019 03:50 AM
Rainmaker
2,071,025
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

Positive.

Nov 21, 2019 08:27 PM
Rainmaker
4,160,899
John Pusa
Glendale, CA

Donald Urschalitz it can be positive, but it depends on the property.

Nov 21, 2019 02:26 PM
Rainmaker
1,311,397
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

In our area, it is standard practice for a seller to provide a home warranty to a buyer.

If the listing agent offers to provide the warranty, it can save the seller several hundred dollars.

Nov 21, 2019 01:28 PM
Rainmaker
7,836,139
Roy Kelley
Retired - Gaithersburg, MD

It is simply a matter of personal preference.

Nov 21, 2019 12:47 PM
Rainmaker
1,725,996
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

A positive, for sure as it gives buyers an added comfort level

Nov 21, 2019 12:24 PM
Rainer
509,449
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

Most buyers agent will write an amount on the contract that seller is to pay for a home warranty for the buyer for one year.  The amount varies and buyer has the liberty of selecting his/her own warranty. 

Nov 21, 2019 11:17 AM
Rainmaker
1,502,998
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

It's part of the contract out here in Cali.

Nov 21, 2019 10:45 AM
Rainmaker
1,598,452
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

I wish I knew, we sell condos.

Nov 21, 2019 10:32 AM
Ambassador
6,393,494
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

I dont offer them, but I do suggest that sellers offer them sometimes.

Nov 21, 2019 10:07 AM
Rainmaker
5,868,554
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

It can't hurt, and makes the buyers feel a sense of security.

Dec 02, 2019 08:00 AM
Ambassador
2,670,013
MichelleCherie Carr Crowe .Just Call. 408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

I'd say it's helpful, but not likely to be a big factor.

Nov 27, 2019 12:34 AM
Rainmaker
1,196,798
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

They can be a good thing especially in a home that is a dated

Nov 23, 2019 06:30 AM