Topic: Home Owner Warranty - Warranty a great sales tool, questionable for homeowner - Chicago Tribune

A home warranty is a service contract for an existing home that covers the breakdown of its major operating systems, such as a furnace, and major built-in appliances, such as a dishwasher. In general, it’s a good idea for home sellers to pay for a home warranty as a marketing tool to attract buyers in a slow market, said Ilyce Glink, author of “100 Questions Every First-Time Home Buyer Should Ask. In California, where it seems most real estate trends begin, home warranties are standard, with about 90 percent of existing-home sales including one, according to the Home Warranty Association of California. He said consumers are misguided if they think they will benefit every year from their home-service contract, just as they don’t benefit every year from an insurance or warranty contract. read more

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