What Kind Of Home Warranty Does A Real Estate Professional Need?

What Kind Of Home Warranty Does A Real Estate Professional Need?

Home warranty is important for buyers, sellers as well as the real estate agents. Since the estate agents are mostly involved in buying or selling, their work becomes easier when the property owner has a home warranty. This is because buyers are likely to go for properties with a home warranty plan. Nobody wants to start paying for the repairing and replacing of equipments and appliances, when they are barely over the blow of the property purchase. Hence, a home warranty ensures the real estate agent sells the property fast. It is also a form of quality assurance.

How does a real estate professional benefit from a home warranty?

1. Save time and enable you to move to your next deal- The beauty of the home warranty plan is that it ensures the property stands out in the listings. It also attracts buyers and in particular, the first time buyers. This in turn becomes a bonus for the real estate professional since the transaction continues without hurdles. Furthermore, the home warranty caters for repairs that may come during the closing. It saves time for you to finalize the deal and proceed to the next transaction.

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Common Things Covered in Home Warranty for Rental Property

Common Things Covered in Home Warranty for Rental Property

A home warranty for rental properties does not just protect your appliances. It gives you a guarantee that you will not have to pay for the miscellaneous repairs in case of defunct appliances. Usually, home warranty companies send their own technicians for repairs. However, they seldom replace depleted appliances, especially if the appliance was in poor shape before the homeowner started paying their warranty premiums or if the item wasn’t in sound shape during installation.

What home warranty for rental property covers

Home warranty for rental property covers basic items such as electrical systems, home appliances, heating, plumbing and cooling systems. In some instances, property owners pay a premium fee to cover pools, lighting fixtures, roofs, lawn mowers and sprinkler systems.

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Here are the Reasons why Home Warranty for Landlords is Worth It

Here are the Reasons why Home Warranty for Landlords is Worth It

Home warranty companies may have strict terms and conditions, but they do a good job if everything is right from the beginning. However, they offer different kinds of packages and a property owner should weigh his options and understand what works best for him. Foe a home warranty contract to work in your favor, you must understand the terms of the contract. 

Here is how you should comb through the fine print:

1. Review and understand

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A Few Types of Property Insurance for Investors

A Few Types of Property Insurance for Investors

With various types of property insurance on offer today, it is hard to determine what works best for you. 

Here are some of the must-have insurance policies that every property owner must have:

1. Terrorism Insurance

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Manufactured home insurance

Manufactured home insurance

Manufactured home insurance is for insuring homes that have been manufactured or factory built and then transported to the site where they are installed. Insuring them is similar to insuring other ordinary homes, except for some few differences. It contains the same coverage for dwelling, personal possessions and liability. The policy also has limits and deductibles. The home is insured using the conventional homeowners insurance though some insurance companies are starting to offer specific manufactured home insurance. However, the cost of insuring a home that is manufactured is more than insuring a conventional home. This is because the homes are prone to more damage from frozen pipes, storms and fire.
Some of the steps you can take to ensure you pay lower premiums are:


•    Ensure the home you are buying complies with the HUDs standards.
•    Insulate the home well to prevent freezing pipes damage
•    Minimize storm damage by buying a double wide home instead of a single wide. You should also secure it with ground anchors and tie-downs.


You should note that manufactured homes depreciate as they age, with their value reducing. This may mean that you have higher limits on liability coverage and dwelling protection than you should have. You should therefore reevaluate your home often to ensure you have the right coverage amount.

Additional coverage

Apart from the standard coverage, you may decide to include additional coverage to your home. Some of the areas you can cover that are not present in conventional homes include:

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