Inexpensive Peace of Mind

Your home is on the market and your water heater goes out.  That’s the last thing you want – spend  money on something you will not get any return on.

It happened again.  A seller in Morgan Hill had their home on the market.  One cold morning they went to turn up the heat and found their furnace had gone out.  The cost of the installed new furnace: $1,800!  While they were warm again their net proceeds from the sale just dropped by a cold, $1,800.

Furnaces, water heaters, microwave ovens, ovens, disposals…they all have a functional life and then give up the ghost – without warning.  Those repair bills are aggravating and, unnecessary.

A Cool Solution: Home warranty policies are available for sellers as well as buyers.  For roughly $.90 a day you can cover all of your major appliances during your listing period.  Should something go out you only have to pay a set fee, usually around $60, and the warranty company will repair or replace your appliance for no additional cost. Comment below, text or email for more information.

The payment for this warranty can be from your net proceeds in escrow.  Additionally, if your home doesn’t sell some of the warranty companies won’t charge you anything.  So you just can’t lose.

Selling your home can be an anxious time but this little tip will keep your equity in your pocket and, provide some peace of mind.

Has this or something like it happened to you?

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New, or Previously Owned Home?

Model Homes This WayTouring model homes is fun – even inspirational!  They are perfectly decorated and have all of the most current upgrades possible. So, it is an easy leap to want to buy a new home vs. a resale home.

But, is that impulse supported by experience?

True, with a new home you get to choose your colors and textures.  Of course, everything is new.  After you spent all of your cash (and some of your parent’s) for down payment and closing costs you’ll find out that YOUR new home has no window treatments, sprinklers or landscaping.  Unless you already have your ‘frig, washer and dryer, you’ll get to buy those too. Then, AFTER you moved in you will see what kind of neighbors move in around you.

A resale home’s windows has shades or curtains, sprinklers and mature landscaping. Sometimes a seller will offer the ‘frig, washer or dryer for a nominal fee.  They may even agree to pay some of your closing costs. The personality of the neighborhood is quickly discerned before you buy the home.  You may not love the colors or, want to remove a bush or trim back a tree but those minor changes can be done as you have the time and means.

When you include a Home Warranty with a resale purchase, virtually all of the used components are covered: ‘either repair or replace’ is how that policy works.

What is your opinion?

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Peace of Mind While On The Market

Your home is on the market and your water heater goes out.  That’s the last thing you want – spend  money on something you will not get any return on.

It happened again.  A seller in Morgan Hill had their home on the market.  One cold morning they went to turn up the heat and found their furnace had gone out.  The cost of the installed new furnace: $1,800!  While they were warm again their net proceeds from the sale just dropped by a cold, $1,800.

Water heaters, microwave ovens, compactors, ovens, disposals…they all have a functional life and then give up the ghost – without warning.  Those repair bills are aggravating and, unnecessary.

A Cool Solution: Home warranty policies are available for sellers as well as buyers.  For roughly $.73 a day you can cover all of your major appliances during your listing period.  Should something go out you only have to pay a set fee, usually around $55, and the warranty company will repair or replace your appliance for no additional cost.  Click here for more information.

The payment for this warranty can be from your net proceeds in escrow.  Additionally, if your home doesn’t sell some of the warranty companies won’t charge you anything.  So you just can’t lose.

Selling your home can be an anxious time but this little tip will keep your equity in your pocket and provide some peace of mind.