But buyers are still bargaining hard for the best possible deal - including home warranty coverage. A home warranty plan typically covers the electrical and mechanical elements in a residential property. This normally paid by the seller, but in some cases the cost is shared by the buyer or broker.
Most plans exclude coverage of structural elements in the house and pre-existing conditions.
But some plans will even cover these items for an extra fee. Nearly eight out of 10 home owners polled in the Gallup survey stated they would likely purchase a home warranty for the buyer of their current home when they plan to sell it. Another significant finding of the survey revealed 89 percent of all consumers would likely recommend a home warranty to another home buyer. It took about nine months to complete. Sales of home warranties nationally have increased more than 84 percent over the past five years.