Realtor® Services | Why a Home Warranty?

What is a home warranty

A home warranty is a one year residential service contract that provides repair or replacement coverage for the major operating systems and appliances in a home that fail due to normal wear and tear.

Home Buyers’ Benefits

• You are covered for unexpected home repair or replacement costs on many of your home’s major systems and appliances.
• Coverage is regardless of the appliances’ age, make or model.
• If it can’t be fixed, we will replace it.*
• It only takes a phone call and a small service fee to fix the problem.
• Service is available 24 hours a day, 365 days a year.
• You’ll have budget protection knowing you only have to pay a nominal service fee per trade call.

Home Sellers’ Benefits

• Having a home warranty as an additional feature will give you a competitive edge over other homes on the market.
• Buyers have more confidence in your home and there is usually less negotiating in getting closer to your asking price.
• If something breaks after the sale, there is limited liability for you. Buyers will contact the warranty company rather than calling you.
• Protect your budget, one major breakdown before or during the sale of your home can very costly and delay things.

Realtor® Benefits

• Satisfied clients can lead to future referrals.
• It’s an excellent selling tool in promoting the home at top market value.
• It will build your reputation as a fair, honest and thorough real estate professional.

Everyone Benefits

First American Home Protection Plan can make buying or selling a home a rewarding experience for everyone involved.

- A customer uses their warranty 2 times on average? If they didn’t have the warranty, then the
  expense for the repair would be out of pocket.
- Over $117 million spent on repairs and replacements in 2007.**
- Last year, we responded to more than 900,000 service requests.

* Subject to terms of contract
** Gross dollar amount nationwide in 2007 before service fee deductions.