Offering A Home Warranty Can Prove Beneficial To Your Listing
The ADDvantage® Real Estate Network offers a home warranty through Old Republic. Home warranties cost about $400, which the seller pays for at closing, if the home closes.
According to a Gallup poll, 79% of both sellers and buyers rate home warranties as one of the most important considerations when buying or selling a home.
Keith Gordon, co-founder of the ADDvantage® Real Estate Network says, "Offering a home warranty to buyers maybe one of the most overlooked items when selling a home by owner MLS. A home warranty adds a benefit to the selling process that is perceived by the buyer as a necessary and important element of purchasing a home. Most offers made by buyer's agents request the by owner MLS seller to include and pay for a home warranty. While the seller is not forced to purchase such a warranty for the buyer, it is often a point to be negotiated. This being said, I would think the flat fee MLS listing would garner more attention from buyers on Realtor.com and other FSBO websites if the listing advertised â€˜home warranty included'...especially since the seller may end up paying the $400 for such a warranty anyway."
As flat fee MLS listings continue to grow in popularity, the ADDvantage® Real Estate Network will be on the forefront of innovation offering by owner MLS sellers more listing options and creative means of getting highest price possible for their property.