Does an Expired Listing Have a Home Warranty?

Having a home labeled as “expired” comes with a lot of questions. One item buyers may be concerned about is the home warranty. Rest assured, a Manhattan expired listing is still able to have a home warranty just as any other listing will have a home warranty. But do you know how to explain home warranties to your NYC clients? Read on to learn more!

What is a home warranty?

Most will assume a home warranty is the same as insurance to cover your home for any damages for a short time period after closing; however, this is not the case. There are many options to choose from, but in general a home warranty will cover specific items inside the home for a specific duration of time post closing. 

What does it cover?

Different plans allow you to choose how much a warranty includes, but typically major appliances, plumbing, and HVAC systems are included in home warranties. General maintenance and repair work for said appliances and systems might not be covered so make sure to double check your warranty.

How long does it last?

Similar to what a warranty covered, a home warranty has a variety of options for how long it can last. One of the most popular home warranty options will cover for a year after closing. If something, such as your HVAC system, were to break a week or month into moving in, you won’t have to worry about covering the cost as long as it’s covered in your warranty. 

Can I add extras?

Typically you are able to add extra coverage or items for an additional cost. Talk to your provider about what your options are. If you’re in need of a provider, let me know and I can help you navigate the home warranty process. 

Is it worth it?

Ultimately you’re the one to decide if you need a home warranty, but it’s better to err on the side of caution. It doesn’t hurt to have some extra coverage in case you need it in the future!

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