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Swee Ng
Buying Home in Phoenix AZ? Make sure you get Home Warranty
Posted on November 18, 2014There are laundry lists of things to keep in mind when you start looking for Homes for Sale in Phoenix AZ. You are working with Phoenix Real Estate Agent to find your dream home that meet you and your family needs. One thing your agent will recommend is to get home warranty.
What is Home Warranty? Home warranty is service agreement which covers the repair or replacement of many home system component and appliance that break down over time. Home warranty generally covers heating/cooling, plumbing systems and electrical systems and appliances that fail due to normal wear and tear. Not all items are covered by home warranty. Buyers should read the home warranty contract carefully to understand coverages, limitations, and exclusions.
What is Home Owner Insurance? Home owner insurance is different that home warranty. Home owner insurance protect and cover your home in the event of damage due to same calamity befalls your home, such as a fire, a tornado, a burglary, a car crashing through the front wall. Home insurance is mandatory if you have a mortgage on your home, whereas home warranty is a recommended choice.
Why do you need a home warranty? The home warranty protects you against the costly repairs or replacements of appliances or home systems such as heating/cooling. The key thing to keep in mind is that the warranty are intended to help with costs related to normal wear and tear of your home systems. Unlike insurance which is focused on damage due to extreme circumstances.
Do I really need a home warranty? Home warranty is renewable every 12 months and coverage begins on the day your house purchase closes. The real value of home warranty is it is available when you really need it. If your AC broke down during 100+F heat in the summer, you just make a call and service or repair will be performed, provided they meet the terms and conditions of the home service contract. You just have to pay the trade call fee.
For more information on Phoenix AZ Real Estate market, please contact Swee Ng at 480.721.6253 to schedule a complimentary consultation.
Swee Ng, Realtor with Keller Williams Realty specializing in win-win real estate transaction through great communication and fighting for his clients' best interest. After all, this is more than real estates, this is about your life and your dreams.
If you are looking to buy or sell your home in Phoenix AZ, we hope you will consider us.
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