As a homeowner, or a potential homeowner, it is important to understand the advantages of home warranties and inspections.  Up first is about the home warranty. The Home Warranty policy covers the repair and/or replacement of major mechanical and major appliances, such as plumbing, and heating and air conditioning units.  Be aware that there are a variant of plans available, and you should select the plan that meets your needs and budget.

Benefits of Home Warranty to the Seller:

• Home may sell faster and at a higher price
• Optional coverage during listing period
• Protection from legal disputes that occur after the sale
• Increases marketability of your home

Benefits of a Home Warranty Coverage to the Buyer:

• Warranty coverage for your major systems and built-in appliances
• Protects your cash flow
• Puts a complete network of qualified service technicians at your service
• Low deductible

Optional coverage is available for swimming pools, washers/dryers, spas and well pumps

Next up is home inspections. Home inspections are ordered within the inspection period when a buyer makes an offer on the home.

Real estate contracts provide contingency clauses that allow buyers to inspect the property physically, at the buyers expense.  This inspection provides a comprehensive review of the infrastructure of the property.

Below are the most common types of inspections in Arizona.

Structural Pest Control: 

• An inspection to determine the existence of any active infestation by wood destroying organisms.
• Section 1 on the report will reflect items that need immediate attention due to active infestation.  The lender will usually require that the work be performed prior to funding the loan
• Section 11 of the report will reflect items that may cause infestation, and if not corrected, may cause damage.

Physical Inspection:

Buyers are often encouraged to have a comprehensive review of the structure and components of property by professionals.  Competent inspectors are usually members of the American Society of Home Inspectors (ASHI).

• This inspection encompasses roof, plumbing, electrical, heating and any other accessible areas of the structure.
• The home inspection company will provide a written report, with recommendations, for repair or further inspection by a specialist.
• Please note that inspections range from $150-$300, depending on the size of the home.

Other Common Inspections Include:

• Water conservation
• Contractors home inspection
• Well and septic
• Chimney inspection
• Heating and AC
• Hazardous Materials
• Structural engineering
• Zoning and building permit compliance
• Energy audit

Home warranties and home inspections are two ways that a home seller and home buyer can be protected during a real estate transaction. If there are further questions, please give us a call today and we would be happy to help.