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We all like deals. A freebie when we buy a product. A sale. We also all like guarantees and warranties. Something that makes us feel like there’s something backing up our purchase – if something goes wrong, there’s someone to help.
If you’ve been unsuccessfully attempting to get a contract on your Tampa home for sale, maybe it’s time to apply the same concept to your home. Sweetening the deal for a potential buyer could possibly mean the difference between making a sale or not. How about offering a home warranty with the deal?
If the property you’re selling isn’t brand new or recently completely redone, a potential buyer who tours the home may look at some of the older features a little warily. An older dishwasher, water heater, A/C unit, or other item that’s older may make a buyer feel uncomfortable with the home. By offering a home warranty a seller can counteract that problem, because if under warranty a older feature of the Tampa home for sale can be repaired or replaced if necessary.
If this sounds like an option for you, consider speaking to your Realtor® about offering a warranty with the sale of your home. Unfortunately, all home warranties are not equal, and there are plenty of options available right now. In order to make sure you end up with the right choice, doing research is always the best option. Warranties vary greatly in cost as well as reliability and coverage. So what do you need to know before choosing?
First, don’t get a home warranty confused with insurance – they’re two very different things. While a home owner’s policy covers damage and loss due to accidents and other situations, a home warranty covers mechanical failures for appliances and other household systems. The typical warranty gives coverage for up to one year. Again, each warranty will differ in regards to what they cover – some will cover A/C, others will not.
If you’re having trouble finalizing a contract on your Tampa home for sale that may not be as updated as those for sale down the block, adding a buyer incentive like a home warranty may be worth a try. But remember, whether purchasing a home warranty for a potential buyer or yourself always make sure you comparison shop to find the correct choice.
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