Why You Should Have a Home Warranty When Buying Virginia Beach Real Estate

filed under: home inspection, Main category posted on July 27th, 2008

The absolute truth is that this applies not only Virginia Beach real estate, but Chesapeake, Hampton Roads and probably wherever you are considering purchasing property.

Most of the Virginia Beach real estate buyers I work with often do not think about what “might” happen after moving in their new home. Not that they are not concerned, but many other items weigh on their mind during the moving transition.

The bottom line is that some unexpected repairs can end up costing you hundreds if not thousands of dollars and the type of thing you do not want happening your first year in your new home.

So here is how that home real estate warranty can protect your nest egg from being tapped.

Previously I discussed the benefits of home warranties for buyers and sellers alike. There are many
companies such as HMS, AHS, Old Republic to name a few. I use HMS warranties for my real estate buyers and sellers because they have a good reputation and I personally know the local corporate representative.

Here are some of the benefits of a home warranty.

An HMS Home Warranty helps real estate buyers avoid unexpected home
repairs which can often be expensive. The warranty provides
coverage against mechanical failures for major systems and appliances, coverage
that is not provided by most homeowners insurance.

Save Money
- You only pay a standard deductible per service call, per trade, on covered components. Currently, that is $100.00 (subject to change). An HVAC repair or replacement could run you thousands of
dollars in Virginia Beach.

Leveraging the network - Their customer service center is available 24 hours a
day, 365 days a year and provides access to a nationwide network of
qualified contractors.

Save with the Appliance Buyline® - Even if items in your home are running great, you may
decide to remodel or upgrade. With the HMS Home Warranty you can
take advantage of HMS’ buying power and get great savings on brand name
appliances. One call can save you up to 30% off and there is no limit on
the number of appliances you can purchase!

Never get locked out - You are covered for up to $50 per year for locksmith
services if locked out of your home.

More choices -
Optional coverages are available for additional protection. Pool, multi HVAC units, spa, etc.

Easily renew their warranty - You can enjoy the protection for as long as you own your home (eligibility subject to underwriting criteria.)

Avoid Closing Delays - Minimize the chance that a system, component or
appliance failure could delay closing. You do not have to pay for your home warranty until closing.

New home advantage - Multi-year coverage is available for newly constructed homes.

Industry Leading Workmanship Guarantee – Covered repairs are guaranteed for 180 days because
at HMS it’s their job to provide quality service and save your customers money.

In short, a home warranty can give you piece of mind when buying your Virginia Beach, Chesapeake, or Hampton Roads real estate.

As a REALTOR® I like to make sure my buyers have this protection when selling, purchasing. Many keep the added protection from year to year with renewal.

posted by Dennis Blackmore

This entry was posted on Sunday, July 27th, 2008 at 8:14 pm and is filed under home inspection, Main category. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.