Your HMS Warranty can be ordered on-line from this link.
Whether selling or buying a home, you can't predict when problems will arise. They seem to happen when you're least prepared. Unplanned home repair expenses ruin many family vacations and holidays, and put a tremendous strain on the family budget. A Home Warranty gives you the protection you need. It covers breakdowns in major systems like plumbing, electrical, heating and air conditioning, as well as washer, dryer, oven, refrigerator and other items. With so much that can go wrong - and often does - a Home Warranty gives you peace of mind.
Selling your
home?
A Home Warranty makes your home more appealing, and protects you before, during and after the sale.
- 8 out of 10 buyers prefer to buy a warranted home.
- Homes with a warranty sell up to 50% faster than unwarranted homes.
- Homes with a warranty increase sales prices by up to 3% on average by making it a safer investment for the buyer.
- Seller coverage can protect you against costly repairs while your home is listed for sale. (available only when listed by a licensed realtor)
- A warranty can help avoid conflicts over a malfunctioning warranted item that could affect or delay your sale.
- Home warranties reduce the chance you'll be asked to reimburse the buyer for a breakdown of a covered component after closing.
- Your warranty can be transferred to the buyer!!!
Pre-Listing or Sellers Inspection
Eventually your buyers are going to conduct an inspection. You may as well know what they are going to find by getting there first. Having an inspection performed ahead of time helps in many other ways:
- It allows you to see your home through the eyes of a critical third-party.
- It helps you to price your home realistically.
- It permits you to make repairs ahead of time so that ...
- Defects won't become negotiating stumbling blocks later.
- You have the time to get reasonably priced contractors or make the repairs yourself, if qualified.
- It may encourage the buyer to waive the inspection contingency.
- It may alert you of items of immediate personal concern, such as active termite infestation or gas leaks.
- It may relieve prospect's concerns and suspicions.
- It reduces your liability by adding professional supporting documentation to your disclosure statement.
- Alerting you to immediate safety issues before agents and visitors tour your home.
Buying a home?
With a Home Warranty, you’re covered against a mechanical breakdown of a covered component for a full year, beginning the day of closing. You pay only a standard deductible for each claim.
- A standard deductible limits your cost for repairing a covered system, appliance or component.
- Provides coverage generally not offered by a homeowner's insurance policy.
- A network of qualified contractors to assist you is only a phone call away 24 hours a day, 365 days a year.
- Optional coverage's are available for additional protection.
- The warranty may be renewable in subsequent years, so you can enjoy the protection for as long as you own your home (eligibility subject to underwriting criteria.)
- Three years of coverage is available for newly constructed homes.
When will coverage be effective?
For Buyers: Coverage is effective on day of closing, provided application and funds have been received within 7 days of closing.
For Sellers: Coverage is effective upon receipt of application.
For Existing Homeowners: Coverage is effective 30 days after receipt of funds.