In a Real Estate transaction quite often the buyer or seller discuss with their agent the cost, the coverage, the pros and the cons of a Home Warranty. Many people think Home Warranty is the best creation since chopped Liver. I am not a fan of the Home Warranty Companies. I have found they try to find any excuse not to pay. With a Home Warranty you must pay a service call of approximately $50.00. The cost of a home warranty from most of the major companies is about $500 with a few options. Let’s say you purchased an older home and needed service 3 times. That would be a cost of $650.00. When I have called a service technician to my home with no warranty the cost is usually $150 for a total of $450 for 3 calls vs.. the $650 with the warranty. If the buyer can negotiate for the seller to pay for it then you come out a winner but if not it is not the best financial investment although it could be very comforting. Please do not get me wrong, I have had a client get a water heater replaced so it can be beneficial.
The following article was in the San Jose Mercury News recently and I thought it had some very good ideas on the search for good Home Warranty Companies.
http://www.mercurynews.com/real-estate/ci_18060185?nclick_check=1
The following are some of the major Home Warranty Companies servicing the San Francisco Bay Area:
http://www.homewarranty.com/ http://homewarranty.ahs.com/?mp=Google&ovchn=GGL&ovcpn=Competitors&ovcrn=sr3_167478364go+fidelity+home+warranty&ovtac=PPC&SR=sr3_167478364_go&gclid=CIWgzfzVhKkCFUgaQgodqk8SoA http://home-warranty.firstam.com/?code=BM51
http://www.orhp.com/
http://www.hiscohw.com/
http://hghw.com/
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