Do Home Warranties Still Provide Value?

Jennifer Gagne

By Jennifer Gagne

A home warranty provides coverage during the listing period. This tool can make a listing more appealing to buyers and can protect agents and sellers against buyer complaints. The warranty is paid at the time of closing.

FOR BUYERS
A home warranty helps cover the costs of repairing or replacing major systems and appliances. It can give homeowners peace of mind and help reduce out-of-pocket expenses.

WHY HOME WARRANTIES STILL WORK

  • 75% Households making < $50K
  • 67% Households making between $50K and $100K
  • 38% Households making > $100K

… would have trouble coming up with $1,000 for an emergency bill.

FAILURE PROBABILITY
68% is the likelihood that a major system or appliance will break down this year.


Contact Jennifer Gagne to learn more about how HMS can help save your clients’ money. Call her at (612) 267-7340 or email her at jgagne@hmsnational.com. Gagne, a seasoned REALTOR, joined HMS Home Warranty in March 2011. A reason for her success as a REALTOR was the inclusion of a home warranty in over 90 percent of her transactions. She enjoys educating brokers and agents on how an HMS Home Warranty increases client satisfaction and builds repeat and referral business.