My Blog seeks to act as a clearing house for current news and tips relating to Real Estate in Delaware. My goal is to save you many dollars and time when buying and/or selling. Also I attempt add clarity to the seemingly endless stream of mostly distorted news, distributed daily in the national news media.

Monday, January 25, 2010

Don't forget that home warranty

When buying a home, particularly an older house, buyers are often understandably concerned about the potential need for expensive home repairs in the future. Home warranty programs, such as the ERA® Home Protection Plan®, are available to buyers and sellers to help alleviate this concern.

Home warranty programs can offer protection for the seller during the listing period until settlement. Payment by the seller occurs at settlement, so if the house doesn't sell, there is no cost for the listing period.

Upon settlement coverage transfers to the buyer and includes most major repair or replace expenses within a home for up to a year or more after closing.

With this added sense of security, it is easy to see why houses covered by home warranty programs on average sell faster than comparable homes without any such protection.

If you are interested in learning more about Home Warranties I would be glad to provide you with additional information.

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