And they can put a little extra change in brokers' pockets while reducing liability and speeding closings. In terms of ancillary income, it works best when they encouarge the use of the warranty on all listings. Weichert has been progressive in making sure they put a warranty on all listings. Wolk says that the brokers use the warranties as listings tools. Home warranties can guarantee up to 3 percent higher prices for homes, a benefit for sellers, according to a Gallop Poll, he quotes from the 1990's.
Buyers benefit with less risk of expensive repairs on mechanical products in the home.
Relocation buyers don't have to worry about finding service people in a strange new town. We can leverage our network of providers and suppliers to get better rates and do the same call for half. But home warranties aren't the answer to every problem. They aren't a substitute for property casualty insurance, or for broker risk management solutions, points out Wolk. One way to avoid misunderstandings by consumers is to make it clear who is issuing the contract and who is responsible for paying claims.