“Securing your home with an extended warranty is a great way to set yourself apart from other sellers,” says Tim Meenan, Executive Director of the Service Contract Industry Council. “Buyers seek out homes that are covered by an extended warranty because it can potentially save them thousands of dollars in post-sale home repairs.”
For the first time in seven years, a majority of the markets covered by realtor.com have switched from buyers’ to sellers’ markets. Sellers in many markets are receiving multiple bids, and bidding wars have broken out in the hottest areas. Rising prices are being driven by low inventories which have reached levels 20 or 30 percent lower than they were a year ago.
Despite the competition among buyers, many sellers are finding they can command even higher prices by buying a home warranty which is transferable to the new owner.
Continue Reading 1 2
Copyright© 2015 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.
Content on this website is copyrighted and may not be redistributed without express written permission from RISMedia. Access to RISMedia archives and thousands of articles like this, as well as consumer real estate videos, are available through RISMedia's REsource Licensed Content Solutions. Offering the industry’s most comprehensive and affordable content packages. Click here to learn more! http://resource.rismedia.com