That is very helpful tips for waiving the home warranty program to get the better price, hardly ever any of the realtors I knew would do that though. so sad.In my area, all realtors only like to cater the high price tag transaction, if you have regular purchase they won't consider to cater your request if it takes time.
Stella
Originally posted by
@Sharon Tzib:
I only recommend my buyer/investor clients get one if the seller is paying, which in Houston, is pretty customary. Some of my investors don't want anything to do with them, however, due to negative past experiences. And sometimes we can use the home warranty cost as a negotiation tool to get a lower price, seller concession, etc. if we don't ask for one.
If you do get one, check out the consumer affair reviews before you choose a company, and then read any companies exceptions very carefully. One company, for instance, has a loophole where no claims can be filed for 30 days after payment for the policy is received-you're SOL if something happens right after you take possession. Here's the link:
https://www.consumeraffairs.com/homeowners/aaa_warranties.html
Lastly, in Houston, we cannot take a referral fee from a home warranty or any service company without having a signed disclosure from all parties. I just avoid that scenario at all times.