Anonymous wrote:Anonymous wrote:Anonymous wrote:If you have a pretty updated house, I think they are a huge waste of money. I would give the buyer $500 and a list of your favorite repair companies. Then she can decide whether she wants to use the money to buy a warranty or start a home maintenance fund. If your house really is pretty updated, I would be shocked if she went through the $500 during the year the warranty covered.
Nah, it's fine. She requested it, and for the price she's paying, 23% over asking, she can have what she wants up to and (almost) including my firstborn. If she asks for rose petals scattered in the bathtub I'm happy to start plucking!
Whether it will be worth it or not is unknowable. Like any insurance-type product, some people get their money's worth, but most don't (other than peace of mind).
The really dumb thing about this is that you already have a buyer, who is paying significantly over list, and you have basically decided to give her $500. Why? Because she's paying over list? That's the most fuzzy-headed reason I've ever heard. You entered into a business transaction with this person, and after the deal is done, she asked to renegotiate the terms of the contract for a $500 rebate. I assume that after your plumber comes buy, quotes you a price you agree on, does the work, and then requests an extra $50 just because, you give it to him too?
Your answer should be that if she wants a home warranty, she's more than welcome to purchase one.
Anonymous wrote:Anonymous wrote:I've never had anything other than same day service on a home warranty claim. And it's only the $100 no matter how many people do call and how many times. The $100 is for the entire claim.
I had a hot water heater issue that they sent a same day plumber out but he said the issue is the electric going to the unit. The warranty company sent out an electrician, again, same day, all covered by the same $100 fee.
This.
Don't listen to anyone who says that they're not worth it.
They have saved me a lot of money on a complete HVAC replacement, water heater, dryer, food disposal and range so far. Mine is $75 service fee.
Anonymous wrote:Anonymous wrote:I've never had anything other than same day service on a home warranty claim. And it's only the $100 no matter how many people do call and how many times. The $100 is for the entire claim.
I had a hot water heater issue that they sent a same day plumber out but he said the issue is the electric going to the unit. The warranty company sent out an electrician, again, same day, all covered by the same $100 fee.
This.
Don't listen to anyone who says that they're not worth it.
They have saved me a lot of money on a complete HVAC replacement, water heater, dryer, food disposal and range so far. Mine is $75 service fee.
Anonymous wrote:Anonymous wrote:If you have a pretty updated house, I think they are a huge waste of money. I would give the buyer $500 and a list of your favorite repair companies. Then she can decide whether she wants to use the money to buy a warranty or start a home maintenance fund. If your house really is pretty updated, I would be shocked if she went through the $500 during the year the warranty covered.
Nah, it's fine. She requested it, and for the price she's paying, 23% over asking, she can have what she wants up to and (almost) including my firstborn. If she asks for rose petals scattered in the bathtub I'm happy to start plucking!
Anonymous wrote:I've never had anything other than same day service on a home warranty claim. And it's only the $100 no matter how many people do call and how many times. The $100 is for the entire claim.
I had a hot water heater issue that they sent a same day plumber out but he said the issue is the electric going to the unit. The warranty company sent out an electrician, again, same day, all covered by the same $100 fee.
Anonymous wrote:Thanks folks! Appreciate the perspectives. None of the appliances/systems are too old, but I hope the warranty is helpful to her and gives her peace of mind. I'm also leaving a list of good service providers who have worked on our house -- it's an old house and not everyone in the phone book knows how to deal with steam heat/plaster/etc!
Anonymous wrote:I'm just curious. The cost is low (~$500) and she's offering us substantially above list, so I have no problem with paying for it, but I'm just curious. Is this actually a useful thing, or is it something that is suggested to soothe first time homeowners (which our buyer is)?
Anonymous wrote:Anonymous wrote:They're stupid but if she wants to be stupid and get one, fine. Imagine your HVAC stops working in August, it's covered by insurance so you want to get them to pay for it. They tell you XXX company can come out in 2 weeks. Um it's 1000 degrees in the house, you going to wait?
Plus it's $100 (I made that number up) for each service call. So your dishwasher needs a simple repair. You have 4 kids and run it daily. Are you going to wait for their preferred servicer to repair it?
Anonymous wrote:If you have a pretty updated house, I think they are a huge waste of money. I would give the buyer $500 and a list of your favorite repair companies. Then she can decide whether she wants to use the money to buy a warranty or start a home maintenance fund. If your house really is pretty updated, I would be shocked if she went through the $500 during the year the warranty covered.