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One of the best ways to build your business as a real estate agent is to ensure your clients are happy long after a sale is finalized. This bolsters your professional reputation and leads to more referrals in the long run. Purchasing real estate home warranty coverage is an excellent means to this end.
A home warranty for real estate agents is a service agreement that can be transferred from the realtor to the buyers of a home. Real estate home warranty plans can raise the value of a home and protect realtors and homeowners alike from the costs associated with the repair or replacement of systems and appliances that fail due to wear and tear.
If you’re considering real estate warranty plans for your clients, there are some guidelines to bear in mind. Consider these tips to get the most out of your realtor home warranty and to keep your clients satisfied as they settle into their new home.
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The details of home warranties vary significantly from plan to plan. Some warranties cover appliances, from refrigerators to ceiling fans. Others cover home systems, such as plumbing and electrical wiring. Some include all of the above and can still be adjusted to include coverage for pools, septic systems, and more.
It’s important to purchase a plan that is suited to the home. If the property uses a well pump for water, adjust the plan so the pump is covered. You don’t want homeowners to make a service request down the line and find that the failing appliance or system isn’t covered by their warranty.
Home warranties can save homeowners significant amounts of money, but they have their limits. Help homeowners understand that they may need to pay a fee for a service request. Make sure they’re aware that items with pre-existing conditions are not usually protected. If the home inspection found an issue with the sump pump, the homeowners should not be under the impression that a warranty will guarantee the pump’s replacement at no cost to them.
Also make sure that homeowners are aware of when the warranty is due to expire. Let them know how they can renew the policy.
Many people, especially new homeowners, are not necessarily familiar with the ins and outs of home warranties. Help your clients understand the differences between a home warranty and homeowner’s insurance. Explain that to fix an item under warranty, the homeowner will file a service request, pay a service fee, and then the warranty company will handle sending a licensed technician to the home.
Closing on a home can be an overwhelming experience. New homeowners may not remember the contact information for the warranty provider. They may not even remember the name of the company. It’s helpful to provide documentation that has the important details, including step-by-step instructions on how to file a service request.
A home warranty for realtors is an excellent way to support your clients long after they’ve moved into their new home, but it’s important for realtors to choose the right plan, set reasonable expectations, and act as an informative resource.
The past two years have seen a shift in the U.S. housing market. Mortgage rates decreased, expanding the housing market to include more first-time buyers. This spike in buyers has caused housing prices to increase in some regions, however.
The COVID-19 pandemic contributed to this market change as people sought to relocate to single-family homes and less densely populated cities and suburbs, but there has always been a high interest in affordable homeownership in the United States. Whether you’re a seller or prospective buyer, it’s important to keep up to date on housing market trends.
Most homebuyers don’t know how much behind the scenes work a real estate agent does to sell a new home. There’s more than just showing a home to prospective buyers. This is testament to all the coordination and planning that agents must do in order to pair their clients with the home of their dreams.
Buying a new home is one of the most exciting and important life events. Navigating all the available real estate and potential neighborhoods to live in can feel like an overwhelming task, though. That’s why we have compiled this list of best real estate apps for homebuyers. We know how crucial it is for potential buyers to have access to property details and the basic information they need to begin their search for a new home.Here’s our selection of the top real estate apps in no particular order.
If you’re a real estate agent or homeowner preparing to sell your home, you know that open houses are critical. An open house is your chance to present your home in the best possible light and capture the interest of potential buyers. It can be a challenge to stay organized and keep track of scheduled showings, however. Fortunately, you can take advantage of a real estate open house app to keep things in order.
In this article, we’ll run through some of Liberty Home Guard’s housing market predictions for 2021. While no one can know exactly what the future has in store, we can take stock of important economic indicators and real estate market trends to get a good idea of where the U.S. housin
First-time homebuyers rarely know what they're getting into. Owning a home could help you establish a solid financial foundation, but it comes with a lot of surprises. Here are six things I wish I had known before buying my first home.
We have more computing power in our pocket than NASA had when they put men on the Moon. Let’s put it to use! Software developers have created a ton of amazing mobile applications for real estate industry professionals. Whether you’re a new realtor or seasoned pro, these apps can
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