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Additionally, a home warranty connects the current homeowner with qualified technicians, meaning no one will have to hunt down an expert to handle a repair. The home warranty company will manage everything on their behalf.

Home warranty service plans cover a wide array of systems and appliances. That’s why it’s important to find the right one for your needs.

Why should a seller invest in a home warranty?

There are plenty of great reasons for sellers to purchase a home warranty during the property’s listing period.

• Homes on the market with a warranty included sell an average of 50% faster than homes without. (National Home Warranty Association)
• Homes with warranties return a sales price that averages 3% higher. (Business Week Magazine)
• Eight out of 10 buyers prefer to buy a home with a warranty. (Gallup)

Here are five more reasons to consider a home warranty as a seller:

1. Get peace of mind while your house is listed for sale.

A home warranty will establish peace of mind, both for you and prospective buyers.

As a seller, it’s your responsibility to keep the property maintained until the deal closes. After all, you don’t want to be stuck with a bill for a major repair or replacement if something breaks while your property is listed for sale. This is where home warranties shine.

If a covered item breaks down, all you’re paying is a small service fee, regardless of whether you need repair or replacement.

Buyers can feel more confident in their purchase, as well. A home warranty will assure them that any issues up to that point have been handled and that there won’t be any unwanted costs if something goes wrong prior to closing or after they move in. This makes for a great incentive to buy.

2. They’re easily transferred to the buyer.

If you’re concerned that you’re wasting your money on a home warranty on a home you’re selling, rest assured, this isn’t the case at all.

In fact, transferring coverage to a new owner through Select is easy! If you have an existing service contract with us and would like to transfer coverage to a new owner, please call 855-267-3532.

Important: If you’re transferring a home warranty to the new homeowner, you’ll want to provide them with all of the repair and maintenance records you have for the systems and appliances in your home.

3. They’re especially great for older homes.

Without a doubt, home warranties can be highly valuable for older homes. Older houses tend to have a mishmash of appliances and systems of varying ages. While things may be working now, even with proper maintenance, everything breaks down eventually.

Likewise, many of the manufacturer warranties on appliances and systems in older homes may have expired, leaving you and the buyer with no coverage at all. This means, without a home warranty, you’re out of pocket for any system failures that may occur.

A home warranty through Select will cover systems and appliances regardless of age. So, if you have an older home, you may find even more reason to get a warranty plan when listing your house for sale.

4. Home warranties limit post-sale disputes.

Few things can feel as frustrating as a post-sale dispute. Fortunately, home warranties can mitigate many of these problems. If an appliance breaks or home system malfunctions unexpectedly, the buyer simply has to contact the home warranty company to submit their claim. You don’t need to be involved at all.

5. You’re covered for things homeowners insurance won’t touch.

While homeowners insurance is important – essential, even – it doesn’t cover everything.

While a homeowners insurance policy protects your home against accidents, such as fires, fallen trees, flood damage, and theft, it won’t cover you if your HVAC system stops working, your plumbing line springs a leak, or if there’s an issue with your clothes washer and dryer.

That’s where a home warranty comes in, working in tandem with homeowners insurance to protect your investment.

Learn More: See what a home warranty covers.

Are home warranties effective immediately?

While coverage goes into effect quickly, most home warranties are not effective immediately. This is why it’s critical to get set up with a home warranty plan as soon as possible, to ensure there’s no delay in coverage, should something go wrong.

When investing in a warranty through Select, your coverage kicks in after a 30-day grace period from when we get your first payment.

Where can sellers get a home warranty?

As a home seller, you have plenty of choices when it comes to a home warranty. At Select, we make it our mission to provide sellers with an affordable home warranty protection that offers great value and coverage for the appliances and home systems within their property.

Beyond our three standard plans, we also have add-on coverage options, making it easy to find the perfect coverage solution for any home.