Do you need a seller's home warranty?
A seller's home warranty protects major home systems and appliances from unexpected repair costs during the listing period, offering peace of mind to both sellers and buyers.
Including a seller's home warranty can help your home sell faster, differentiate your listing, and mitigate risks of unforeseen breakdowns.
Cinch Home Services provides comprehensive, transferable coverage with 24/7 service access, ensuring a smooth selling process and added buyer confidence.
Selling your home is a significant milestone, and ensuring a smooth transaction is paramount. Unexpected repairs can derail negotiations and impact your bottom line. With a Cinch Home Services warranty, you can offer prospective buyers peace of mind, making your property more attractive and facilitating a quicker sale.
What is a home warranty?
A home warranty service agreement is an annual service contract that covers the normal wear and tear of your home's critical systems and appliances. Often referred to as a home warranty or homeowner warranty, a home warranty service agreement will provide financial protection from unexpected out-of-pocket expenses in the event a covered item needs repair or replacement.
Home warranty protection typically includes major built-in home systems, such as HVAC, electrical, garbage disposal, sump pump, plumbing and water heaters. Warranty protection also covers appliances, such as washers and dryers, ovens, stovetops, refrigerators and microwaves.
Coverage protects homeowners from paying out-of-pocket expenses when one of these systems or appliances requires you to repair or replace an item due to normal wear and tear.
What is a seller’s home warranty?
A seller’s home warranty is a service agreement that covers the repair or replacement of major home systems and appliances due to normal wear and tear. By providing this coverage during the listing period, you protect yourself from unforeseen expenses and reassure buyers that the home is well-maintained.
Benefits for home sellers
With the seller's home warranty coverage, you won't be surprised when unexpected breakdowns happen. This type of plan, specifically for home sellers, can also:
- Help your home sell faster
- Connect you to service quickly (Cinch is available 24/7/365)
- Add value and differentiation to your listing
- Mitigate your risk for unforeseen issues
- Provide an industry-leading 180-day workmanship guarantee
- Give confidence to the buyer, helping protect the transaction (According to Gallup, 8 out of 10 buyers prefer to buy a home protected by a home warranty.)
Where permitted by law, Cinch seller's coverage is free of charge, provided that an annual service agreement is purchased upon completion of the sale. In most cases, the seller will pay for the buyer's agreement.
Using sellers' home warranty coverage is straightforward
The selling period is stressful enough, and the last thing a seller needs is additional complications.
Should one of the home's systems or appliances break down due to wear and tear while on the market, it is easy to make a service request. Sellers can submit a service request online or by phone, and a qualified contractor will schedule a visit to the home.
The only cost a seller would have to pay is a small service fee, similar to an insurance deductible, to the service provider.
This type of warranty coverage can be beneficial while under contract, when it can be unclear which party is responsible for what. Sellers can use a service agreement to protect themselves and their finances without jeopardizing the upcoming closing if a system or appliance stops working correctly.
How a seller's home warranty works
Choose a plan
Select the coverage that best fits your home. At Cinch Home Services, we offer various options so you can get the coverage you want and need without overpaying.
List with confidence
Market your home highlighting the included warranty. This is an added perk that you can sell to potential home buyers.
Transfer at closing
Provide the buyer with continued protection post-purchase. We make this process as easy and smooth as possible.
Why choose Cinch Home Services?
Comprehensive coverage: Our plans cover essential systems and appliances, including HVAC, plumbing, electrical, and kitchen appliances.
Qualified service providers: Access to our network of pre-screened, licensed technicians ensures quality repairs.
Budget protection: Avoid unexpected repair costs during the selling process.
Transferable plans: Easily transfer the warranty to the buyer at closing, adding value to your home.
Partner with Cinch Home Services to provide added assurance to potential buyers and streamline your selling process
* Subject to plan terms and conditions.
*The information in this blog library is intended to provide general guidance on home warranties, and on the proper maintenance and care of systems and appliances in the home. Not all of the topics mentioned are covered by our home warranty or maintenance plans. Please review your home warranty contract carefully to understand your coverage.
*Our blog library may link to third-party sites that offer products, services, coaches, consultants, and/or experts. Any such link is provided for reference only and not intended as an endorsement or statement that the information provided by the other party is accurate. We are not compensated for any products or services purchased from these third-party links.
A seller's home warranty can provide important coverage while your home is on the market. Check out this guide to help you decide if a warranty plan and service contract is right for you.
