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Advice
Posted in: Selling a home, Home warranty

Increase your negotiating power: Sell with a home warranty

Sell with a home warranty

Even in a sellers’ market, there are steps home sellers can take to improve the marketability of their home for sale. The most common tasks include improving curb appeal and staging your home. There are even special considerations for home staging in the summer months. Another consideration is to include a home warranty with the sale of your home, which protects the future owner of your home from paying for system and appliance repairs during their first year of homeownership, and for years to come.

What is a home warranty?

Home warranty plans help provide protection against the cost of repairs for broken mechanical systems and appliances. Typically, appliances like washers, dryers, refrigerators, dishwashers and systems like central heat and air are covered by a home warranty. Research shows that eight out of 10 buyers prefer to buy a home protected by a warranty plan, so selling with a home warranty can give you an edge when you list your home.

What other advantages come from selling with a home warranty?

When you list your home with Edina Realty and commit to purchasing an Edina Realty home warranty for the buyer at closing, you receive coverage during the listing period for up to 12 months. If your property doesn't sell, you'll owe nothing for the warranty — even if claims were paid.

The Edina Realty home warranty is one of the most comprehensive home warranty plans on the market. Many service contracts offer only to repair failed systems, but the Edina Realty home warranty plan goes beyond repairs to include replacement coverage as well. Plus, our warranty covers many appliances that aren’t covered by other plans, including ceiling fans, garbage disposals, garage door openers and more.

What happens if something breaks right after closing?

A home warranty plan will also help protect you from post-sale disputes. If an unexpected failure occurs shortly after the home sale has been completed, the new homeowner can simply contact the plan administrator, HSA Home Warranty, by going online to myhomewarranty.com or calling the toll-free number on their contract to request service. No one will be asking you to solve the problem, and you won’t be accused of selling a home with mechanical issues or failures.

Securing a home warranty as you sell

A home warranty can be a great way to give peace of mind to you and the buyer as you sell your home. Learn more about the seller benefits of a home warranty or contact Edina Realty Warranties to secure a home warranty while listing your Minnesota or Wisconsin home for sale.

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Edina Realty receives marketing fees from HSA.

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Status Definitions

For Sale: Properties which are available for showings and purchase

Active Contingent: Properties which are available for showing but are under contract with another buyer

Pending: Properties which are under contract with a buyer and are no longer available for showings

Sold: Properties on which the sale has closed.

Contingent and Pending statuses may not be available for all listings