Home Buying and Selling in Knoxville
A Home Warranty is like an insurance policy that benefits both the buyer and seller of a home.
It is common for sellers in the Knoxville area to purchase a home warranty. Sometimes the real estate agent or the buyer will buy the warranty. No matter which party purchases the warranty, all of the parties involved benefit from this fantastic cost-effective tool.
A home warranty is unique in the fact that different individuals can make a claim against the policy. If a problem occurs prior to the sale of the home, the seller benefits from the warranty. If a claim is made after the sale, (usually up to one year) the buyer benefits from the same warranty. There are many homes for sale in the Knoxville area offering a home warranty. For a listing of these properties or more information about home warranties, contact Troy Stavros at 865-599-9444 or TalkwithTroy@aol.com.
A home warranty offers security and peace of mind for the buyer. If a covered item needs repair or replacement during the coverage period, the warranty company will take care of it. Buying a home can be a financial burden. A buyer will have confidence to purchase a home knowing if certain items break or need repair within the first year, they will be covered. The buyer will have added confidence to purchase the home. This fact helps the seller because statistics show buyers are more likely to purchase a home with a home warranty.
The benefits for the seller to offer a home warranty are great. Statistics show homes with a warranty sell faster and for a higher sale price. The cost of the home warranty is negligible when compared to the benefits of selling a home quicker. Yet another benefit to the seller is that if something should go wrong with a covered item or system during the time the home is on the market, it will be repaired or replaced through the warranty.
Don’t let the lack of a home warranty stop you from purchasing the home of your dreams. Home warranties are available for purchase by the homebuyer as well. Ask your real estate professional for more information about home warranty programs in the Knoxville area.
Troy Stavros
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