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Rainmaker
3,067,003
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Debbie, I strongly recommend home warranty to any transaction, if the buyer refuse the home warranty then I suggest put it in writing.

Jan 01, 2015 12:41 PM
Rainmaker
302,514
Jim Paulson
Progressive Realty (Boise Idaho) www.Progressive-Realty.info - Boise, ID
Owner,Broker

I just document it and move forward.  Home warranty companies are very profitable due to paying out less than they collect.  I use them for listing tools more than for my buyers.  However, I sold a bank REO that was vacant for a number of months so I did talk the buyer into getting a home warranty on it since many appliances in a home don't due well sitting for months without use.

Jan 01, 2015 10:57 AM
Rainmaker
1,093,178
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

For condos it is a waste. For older homes seller or I pay for it. No one wants surprise.

Jan 01, 2015 01:04 PM
Rainer
79,993
RVA HomePRO Michael Hottman
RVA HomePRO Realtor with Keller Williams serving Hanover, Henrico, Chesterfiled and Richmond, Virginia - Glen Allen, VA
Helping you achieve goals in life & real estate

I have mixed feelings about home warranties. I offer and suggest them, but I also see where they are not worth the money shelled out. I try to get sellers to offer them to my buyers, and they do offer some piece of mind for buyers.

Jan 01, 2015 12:47 PM
Rainer
62,304
Hank Dugie
Brockway Realty, LLC - League City, TX
Mr. League City

I personally don't believe home warranties are necessary, however, as an agent I always encourage buyers to protect themselves with one. If they decide against, I make sure it's in writing. Same goes for an inspection.

Jan 01, 2015 02:31 PM
Rainmaker
3,066,356
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Require that they sign something to that effect.

Jul 04, 2018 07:05 AM
Ambassador
4,768,957
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Set aside some money each month so that you will be prepared for when repairs are needed.

Oct 25, 2017 10:20 PM
Rainmaker
3,330,353
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

You can lead a horse....we tell stories of where the investment bought...a new furnace in the first week of owning a home...if they refuse, they may be sorry.

Jan 02, 2015 08:12 PM
Rainmaker
4,935,401
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Debbie,

I have seen so many instances when the home warranty was the best thing that happened to a friend.  A dishwasher was replaced and a washing machine both top of the line.  The home warranty was a mere pittance by comparison.  Yes, I would point out the benefits.  If they still refuse, what can you do?  A

Jan 02, 2015 06:21 AM
Rainer
45,807
Andy Madrid
Hawaii Coast Realty, LLC - Kailua-Kona, HI
Expertise, Professionalism, and Service

I always recommend it and encourage them to have it. However if they buying the property to terret down and rebuild it's a moot point otherwise I just buy it for them and it becomes a closing gift.

Jan 02, 2015 03:28 AM
Rainer
9,652
John MacLeod
Partners Real Estate Professionals P.C. - Howell, MI
President Livingston County Association of Realtor

We ask them to sign a form declining the home warranty.

Jan 02, 2015 03:25 AM
Rainmaker
4,798,831
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

We can't force them.  Nice to have documentation though if they turn it down.

Jan 02, 2015 02:50 AM
Ambassador
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I believe in home warranties and offer them on my properties when I sell. I also get reports that show they are payng out big money for my clients so I recommend them. 

Jan 01, 2015 11:59 PM
Rainmaker
5,900,383
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I would note the decision and move on. Many who do have home warranty policies have unrealistic expectations about the coverage and then get upset when something is not covered. They blame it on the agent.

Jan 01, 2015 10:08 PM
Rainmaker
3,508,569
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I explain why they might be a good idea, especially if the seller is paying for it--but in the end it is their choice. I just have them sign off on the declination. But as I write all my contracts asking for the seller to pay for a one year warranty, as a seller concession, I've not yet had a buyer say no.

Jan 01, 2015 09:49 PM
Rainmaker
823,310
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

?????
I'm challenged to understand the question.

If I invited my friend to Casa Tina's to celebrate their birthday (that means I'm paying) and they stated "I really don't like cooked spinach" I would not consider ordering cooked spinach for them or me.  Even though it just may be, by leaps and bounds, the most beneficial thing for them and me that appears on the menu.

And I would not make a big deal of it. If the spinach did arrive at the table, just like a home warranty, neither I or my guest need to eat or use the unneeded.

It becomes more complicated if there is more to the story than you shared, such as this is a 20 year old house without a single update OR the buyer intends to gut the house and bring to life a new creation or the buyer wants to pocket the $400 from the warranty.

Jan 01, 2015 09:16 PM
Rainmaker
1,027,155
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

I have had a number of buyers who have definitely gotten their money's worth from a home warranty.  I will discuss the benefits and offer anecdotal evidence, but some people are fine with making repairs on their own or would prefer their own vendors do the work.  I just have them acknowledge it and move on. 

Jan 01, 2015 09:11 PM
Rainmaker
4,432,941
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Most of the time I write in the agreement of sale asking the sellers to pay for it. 

Jan 01, 2015 08:42 PM
Rainmaker
1,506,627
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

It happens often. Sometimes, since the seller already agreed to pay for it, we apply those money towards closing costs.

Jan 01, 2015 03:44 PM
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Seriously, I recommend them highly and show them the benefits. It's very unlikely that they will refuse it.

Jan 01, 2015 02:54 PM
Ambassador
3,985,382
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Do you not try to point out the advantages or just let it go, Jim Paulson?

Jan 01, 2015 11:01 AM