fbpx
Are You Covered?
A home warranty is a service contract that protects your home’s appliances and some systems from repairs or possible replacements. A convenient benefit of a home warranty is that when you report an item, they will assign a service provider to evaluate whether it should be repaired or replaced without the owner having to act […]
Are You Covered?
A home warranty is a service contract that protects your home’s appliances and some systems from repairs or possible replacements. A convenient benefit of a home warranty is that when you report an item, they will assign a service provider to evaluate whether it should be repaired or replaced without the owner having to act […]

CjnfpfzjGEe3cfcMKHa4mw.jpg

A home warranty is a service contract that protects your home’s appliances and some systems from repairs or possible replacements. A convenient benefit of a home warranty is that when you report an item, they will assign a service provider to evaluate whether it should be repaired or replaced without the owner having to act like a middleman.

Homeowner’s insurance is required by most mortgage lenders when there is an outstanding loan. This coverage protects the structure and the dwelling and the homeowner’s personal property from named occurrences like theft, natural disaster, or accident. Homeowner’s insurance does not cover the systems and appliances for repairs or replacements due to normal wear.

The fees for home warranties can vary based on deductibles and how much of the risk the homeowner is willing to accept.

Additional items can be included to the standard coverage to include pool, spa, additional refrigerators, septic tanks, and other items. There may also be some named items that are not covered that could include sprinkler systems, window air conditioning units or other specific items.

Contracts usually are for a one-year period, may have a waiting period and usually will not include pre-existing conditions. The premium or fee is paid in advance.

Many homeowners learned about this type of service when they bought a home. It was provided by the seller and probably gave some element of peace of mind. Home warranties can be purchased even when the home is not being sold and by the current owner. Even rental property owners are using this type of coverage to manage the repairs and replacement expenses.

American Home Shield, Choice Home Warranty, Select Home Warranty, First American Home Warranty.

LIST OF BLOGS

How to find a Herndon home for Sale at a Reasonable Price

How to find a Herndon home for Sale at a Reasonable Price Using a free online search tool is good, but it does not consider buying strategies, insight into creative finances, long-term economic trending, and repair vs. replace cost benefits.  Here is why working with...

Own a home is the key to Wealth Homeownership is the key to …

Own a home is the key to Wealth Homeownership is the key to Wealth, home owners have 40 times the house wide range than tenants. One more impressive fact is that homes have 68% of their wide range in their main home! Property owners have 40 times the home riches than...

What percent people Families Have their Entire Wealth Locked…

What percent people Families Have their Entire Wealth Locked Up in their Home Property owners have 40 times the home wide range than occupants. One more impressive figure is that homes have 68% of their wide range in their key home! Home owners have 40 times the house...

Home ownership is the secret to Wealth

Homeownership is the secret to Wealth, homeowners have 40 times the household wealth than renters. Another astonishing statistic is that households have 68% of their wealth in their primary residence! Leveraging the philosophical cliché “Time is money” is not only...

Why a Home Should Be Your First Investment

Real estate has been described as the basis of all wealth. Without considering income or investment property, buying a home to live in is an incredibly powerful way to build wealth or financial net worth. A home is an asset measured by the size of the equity. Equity...

Paying Points to Lower the Rate

Two commonly known ways to lower your mortgage payments are to make a larger down payment especially if it eliminates private mortgage insurance and improve your credit score before applying for a mortgage. Another way to lower your payment would be to buy down the...

I wish I knew then…

We have all heard this expression that implies that had a person known earlier in life what they know now, they would have done things differently. The subject possibilities are endless While no one has a crystal ball to see into the future, it may be possible to...

Your Home is a Hedge Against Inflation

The concern about inflation is the sustained upward movement in the overall price of goods and services while the purchasing value of money decreases. Tangible assets like your home consistently become more valuable over time. In inflationary periods, your home is a...

Why is the APR higher than the interest rate?

Annual percentage rate is a calculation to accurately reflect the cost of the mortgage considering the note rate of interest, financing fees and charges based on the term of the mortgage. Annual percentage rate, APR, calculates the interest rate and loan fees over the...

RECENT POSTS

I wish I knew then…

We have all heard this expression that implies that had a person known earlier in life what they...

ABOUT  TWENTY
THREE HOMES

The Twenty Three Homes are one of the premiere real estate groups locally, nationally and internationally, specifically dealing with high-end properties and exclusive clientele. Partner with Keller Williams Twenty Three Homes are full service real estate experts whose clients benefit from the custom tailored, hands on service while receiving all the exclusive amenities and resources of one of the most established and respected firms in the business.

GET IN TOUCH