What is the best way to avoid a lawsuit and give buyers additional confidence in a real estate transaction? The answer is relatively simple and inexpensive. Purchase a home warranty plan.
According to American Home Shield, a home warranty is a service contract which helps protect homeowners against the cost of unexpected covered repairs or replacement on their major systems and appliances. The term is usually for one year and it is renewable. It can be purchased by the buyer or the seller and paid at closing.
If purchased by the seller, coverage on the property starts when the warranty is taken out during the listing process and it is transferred to the buyer at closing.
Age of home is not an issue and an inspection is not required.
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