Spam prevention
Rainmaker
3,067,662
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Winston Heverly We always place a "Seller's Home Warranty" on our listings (provided free of charge by the warranty company).  It's up to the Seller and the Buyer as to whether that turns into a Buyer Home Warranty at close of escrow.

Sep 27, 2015 11:38 PM
Rainmaker
3,985,637
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Yes, but no so much as an incentive.

Sep 28, 2015 12:44 AM
Rainer
230,874
Mike Rock
Complete Design - Granite Bay, CA
Granite Bay Luxury New Construction...For Less

it is a mixed bag. and often they are only as good as the local company doing the work and charging. it does one thing for sure. it gives the buyer the "feeling" of security. But seldom covers what you think it will. Buyer beware

Sep 27, 2015 11:58 PM
Rainmaker
2,463,612
Captain Wayne - Rowlett Real Estate School
Rowlett Real Estate School - Panama City, FL
Rowlett Real Estate School / Owner and Instructor

We use to have a brochure that we gave out but we don't do that anymore.

Sep 27, 2015 11:00 PM
Rainer
228,837
Richard Robibero, e-Pro, ABR, SRS
Panorama R.E. Limited - Toronto, ON
Selling Your Home as if it were My Own!

As Joe Pryor mentioned, the cost of the warranty sometimes costs more than what it covers. I just prepare everyone involved as to what could occur as worst case scanerios.

Sep 27, 2015 10:44 PM
Ambassador
3,985,894
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I mention home warranties on every listing and every sale. Many sellers are prepared to provide one. I believe it is a good tool.

Sep 27, 2015 10:29 PM
Ambassador
1,706,764
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

From personal experience I do not find home warranties to be of great value. In one case on my home with what they are doing on major repairs like heat and air, by the time they caculate what they will not pay for I found I could get it done for less money outside the warranty. I now view them as sales gimmicks.

Sep 27, 2015 10:20 PM
Rainmaker
5,471,401
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

we don't offer them....we rarely offer incentives unless we are in an extreme buyer's market and we need to move listings.... 

Sep 27, 2015 10:17 PM
Rainmaker
1,106,637
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

I use home warranty as an resolution to avoid complaints....

Many people think they are not getting their money worth. We hired an inspector, we all crawl under the house,  You signed an as is agreement.

Now what?

Sep 27, 2015 10:17 PM
Rainmaker
315,687
Robert Smith
Preview Properties, PC - http://www.RealEstateMich.com - Brighton, MI
SRES, Search for Homes Brighton-Howell-SE Michigan

If I have a listing that's an older house, I may encourage the sellers to offer it up front. With newer homes we leave it as a negotiating point if the buyer asks for it as part of their offer.

In terms of me using it to secure a listing, no. Never.  

Sep 27, 2015 09:57 PM
Rainmaker
3,331,885
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Absolutely.....and we have one for our own house and encourage others in our sphere to buy them as well she says having saved thousands of dollars on replacements !

Sep 27, 2015 09:41 PM
Rainmaker
3,323,421
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

I've tried that in the past just to get some listings.  It did not work

Sep 27, 2015 09:39 PM
Rainmaker
717,388
Sara Wagner
The Woodland Companies - Adams, WI
Stevens Point Rentals

Not so far.

Mar 09, 2019 10:05 PM
Ambassador
4,897,258
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Sometimes we do.

Sep 20, 2018 07:41 PM
Ambassador
4,308,044
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Winston Heverly home warranties are good for sure. I request my seller to include that at the time of listing. And for buyers, I highly recommend.

Sep 29, 2015 06:16 AM
Rainmaker
1,676,510
Winston Heverly
Winston Realty, Inc. - Atlantis, FL
GRI, ABR, SFR, CDPE, CIAS, PA

Thanks for all of the responses. I can only think of a few times this was used to help sell or be offered. I think it is a good thing with aging appliances and equipment, however it just doesn't move the needle as an incentive.

Sep 28, 2015 12:01 PM
Rainmaker
803,708
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Sometimes they are good to have, but they seem to be losing their appeal. I think most buyers expect them, and most sellers usually offer them mainly for peace of mind.

Sep 28, 2015 08:41 AM
Rainmaker
1,321,643
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

They are part of the purchase contract in California, page 3 of the offer.  One year is paid for by the seller.  Negotiated items are cost, level of plan and any included items (pool, AC, etc.).  All buyers check the "Seller pays" box and I've yet to see any seller balk at it.  It is looked at as an insurance policy for the seller so if something big does go wrong, the buyer isn't mad at the seller.

 

Now me personally, I like them!  I have four houses, each with a policy that I renew every year.  For a $65 service call, I've gotten $1500 worth of a new water heater, circulating pump and labor on my house.  My rentals have all had service calls from drain issues to heater issues.  It usually costs more out here to have a service tech come out to look at the problem than the $65 cost.  Mostly beneficial in older houses that get well lived in.  I may cancel it on one of my properties because they only have one or two issues a year and no heater, no AC and not much to repair.  The water heater is the only thing of concern, but I've probably paid for that already in my premiums these last 4 years.  Plus, I just found an awesome cheap plumber on the same block as one of those rentals.

Sep 28, 2015 08:32 AM
Rainer
45,807
Andy Madrid
Hawaii Coast Realty, LLC - Kailua-Kona, HI
Expertise, Professionalism, and Service

I always mention them and I tend to buy them as a gift for first time homeowners, especially if they are purchasing an older home.  It may or may not come in handy but it gives them piece of mind.  I just had a buyer, who is very saavy, decline the home warranty and then one of his subzero refrigerators stopped working the first week after closing.  A small service charge would have covered the repair but he had to shell out a couple of thousand to fix it.

Sep 28, 2015 02:43 AM
Rainmaker
1,602,655
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

In difficult situations a warranty is a great closer to get listings and close sales.

Sep 28, 2015 01:39 AM