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How Home Warranty Services Affect Home Resale Value

August 1, 2024

Thinking about selling your house? Listing your property on the market is not easy. You have to consider a whole lot of things to make your house attractive to potential buyers. This is where a home warranty comes into the picture. Having a home warranty can be a very lucrative option to sell your property faster.

In this blog post, we will understand how a home warranty can increase the chances of your house getting sold quicker in this competitive real estate market and how ServicePlus home warranty services can help you achieve that goal.

What is a Home Warranty?

A home warranty is an agreement between a homeowner and the home warranty service provider. In this detailed document, you can find the information related to which services are provided to you. The main reason behind getting a home warranty is that it safeguards your home appliances in times of breakdowns. If you have a good home warranty in place, you don’t need to spend excess amounts on repairs or replacements when your systems stop working.

Home Warranty and Home Resale Value: The Real Connection

It’s always better to have a home warranty, but it's absolutely necessary when you are selling your property. Potential buyers are not just going to buy your property without investigating what offerings are on the table, and a home warranty comes in as a serious differentiator. If you have a home warranty, then future clients are going to be more relaxed and comfortable when making the transaction.

Benefits of Offering a Home Warranty When Selling

Let's understand some of the key benefits of giving a home warranty to your potential buyers:

  • Enhanced Buyer Confidence
    When people look for a house to buy, they anticipate a lot of things. Having a home warranty at the time of selling boosts their confidence to take the final call. This approach can make potential buyers come to a conclusion quickly.
  • Competitive Edge in the Market
    Buyers are not going to reach out to you if you do not offer them lucrative options, and having a home warranty always helps you with that. Besides this, having a home warranty helps you gain that extra competitive edge in the market.
  • Increased Chances of a Faster Sale
    The real estate markets are uncertain these days, and selling your house in such a market is difficult. You don’t have a clue about how much time it will take to sell the property. In such scenarios, having everything figured out always helps. A home warranty can streamline this process, and your house will get sold quickly.

Home Warranty Cost Considerations When Reselling

Many people think that getting a home warranty at the time of home reselling is an extra burden on your pocket. But if you look at the bigger picture, a home warranty service not only just protects your home appliances, plumbing systems, and house leakages but also helps you sell your house quicker in this competitive market. So, if you consider the total cost of ownership (TCO), a home warranty always comes in handy at the time of reselling your property.

ServicePlus Home Warranty Services for Property Resellers

Unlock endless house-selling possibilities with ServicePlus home warranty services. ServicePlus offers extensive home warranty coverage plans to fit every homeowner's budget. No matter the age, make, or model, your service agreement can help you cover your appliances. We have come up with three distinguished plans, namely Gold, Platinum, and options tailor-made to adjust to your specific needs. Safeguard your home appliances and your family with ServicePlus.