Park Meadows Blog

Many real estate agents are urging home sellers to purchase home warranties — especially for dwellings that are more than 15 years old — to ease buyers' concerns about problems popping up shortly after moving in.

"A warranty relieves the stress of the purchase," says real estate practitioner Anthony Tortora of Albany, N.Y.

Warranties cost only a few hundred dollars and cover repair and replacement of the home's systems and certain appliances; pre-existing conditions and structural problems are excluded. If the property is covered by warranty, owners are required only to pay a small fee for workers to repair or replace the damaged component.

Source: Orlando Sentinel (Fla.), Charles Erickson (06/10/07)

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