I have always advised (insisted) that all my buyers purchase the Home Warranty Plan when you are purchasing a resale home. This is perhaps the best investment you can make in the home buying procedure. I have seen over and over how a simple $400 plan can help save you thousands of dollars in the long run.
The perfect example was today: a recent buyer called saying sewage was coming up through the drain in his master-bedroom shower stall. Obviously he was in a panic because he had guests over and wanted to know if I knew a good plumber. I reminded him that I had negotiated a Home Warranty Plan in place paid by the seller; he did not have to try to get a plumber out there on his own. All he had to do was pay the $50 service fee and everything would be taken care of for him.
It took a few hours but the plumber came and he was only out $50 instead of the hundreds of dollars he would have had to pay just to get a plumber to come out and take a look. Not only did he save money, but he saved the time and effort it would cost him trying to find a reputable plumber who would do a good job.
Remember, there are few things that will be a godsend and often times, the Home Warranty Plan turns out to be one of those thankful items. Make sure you get one in place.
Steve Mun, Silicon Valley Realtor
www.stevemungroup.com
