Is a Home Warranty a Necessity When Buying Kalamazoo Homes?

 Joel Nelson Answers that Question

Buyers of Kalamazoo homes have many questions during the process of purchasing their property. For instance, they often wonder if they should get a home inspection, work with a particular lender or choose a certain kind of loan program.  One question that many buyers forget to ask is whether or not they should get a home warranty. This is perhaps one of the most important questions that should be asked before purchasing a home.

According to Kalamazoo Realtor Joel Nelson, not all warranty programs are created equally. Some companies are certainly better than others, so it's important to really read the fine print when it comes to what the warranty covers. In addition, you should ask your Kalamazoo real estate professional what your options are when it comes to getting a home warranty on the property,  

When making their initial offer on the property, many buyers decide to put a special stipulation into the contract asking the seller to purchase a one-year home warranty. This is often a sign of good faith on the part of the seller.  In other words, they are giving the buyer something that will assist them if anything goes wrong with the property for up to one year after they purchase the home.  The first year of a home warranty is provided by warranty companies at or below their cost.  Their profit is in the renewals, so don't expect to get your second year of coverage for the same price as the first year. 

 A home warranty will cover a number of different things happening to the home after closing. There are usually many different levels to choose from with the home warranty company.  Depending upon the service call charge, certain items may or may not be covered.  For instance, if there is a swimming pool on the property, you may have to buy additional coverage for that item.  Certain items, such as roofing, may require different coverages as well.  Like any warranty, there are issues that may arise that will be excluded from some company's coverage.  It's a good idea to get the maximum coverage you can, if you can get the seller to pay for it. 

For more information on Kalamazoo homes, visit the leading website in the Kalamazoo MI area that is dedicated to all things about Kalamazoo homes http://HomeosOfSWMichigan.com

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 Tags: Kalamazoo Homes, Kalamazoo real estate, kalamazoo realtors, Joel Nelson

Article's Author

Joel Nelson
Keller Williams Realty - Kalamazoo
Kalamazoo, MI

Contact Joel Nelson