|Real Estate Information|
Home Inspections or Home Warranty?
Homebuyers are a curious lot. They routinely ask thought-provoking questions. A common question is, "If I get a home inspection, should I still get a home warranty?" Then there's always this question, "If I get a home warranty, do I still need a home inspection?"
The choice between having a home inspection and purchasing a home warranty is a question that I frankly do not understand. Each is intended to serve a separate purpose and ideally work together to protect and reduce the risk of homeownership.
Maybe an analogy will make the matter clear. An individual has just had a complete and through physical exam. The results of the exam and all associated lab tests are that the individual appears to free of all disease or illness. They are presently the picture of health!
Would it be prudent or responsible for the doctor then to recommend to the patient, due to their fine physical condition, that it is a waste of money to continue to pay for health insurance? Of course not!
None among us would consider the doctor even sane, let alone responsible to make such a recommendation. But, is that not the same situation to someone feeling that they need not purchase a home warranty because they just had a home inspection?
And let's view this same scenario from the opposite direction. Would we expect that our life insurance carrier would recommend to us that we forego the expense of regular physical exams, because, after all, we now have life insurance! Insanity!
The life insurance companies, in fact, feel so strongly that a physical exam is such an important part of risk reduction that a physical exam is often required to secure a life insurance policy, or at least has an effect on the insurance rate.
If insurance companies want to have you "inspected" prior to assuming the risk of your passing, it certainly makes sense for the homebuyer to have the home inspected prior to purchase. Doesn't it, therefore, make similar sense to warrant unforeseen failure with the home warranty?
When buyers fully understand risk and the cost-effectiveness of risk reduction tools, they almost always want all of the risk reduction tools available. It is in everyone's best interest to reduce risk by every cost effective means possible. Buyers love to be educated about understanding and reducing risk, and everyone loves a happy homebuyer!
Copyright © Florida HomePro, Inc. and Wallace J. Conway. All rights in all media reserved.
About the Author: Wally Conway is President of Florida HomePro Inspections, and is featured regularly on HGTV's "House Detective". As a speaker, writer, instructor, and host of The Happy Home Inspector radio show every Saturday at 3 PM on WOKV 690, Wally blends the right amount of up-to-date information with just the right amount of humor, insight, motivation, and real-world application. Visit http://www.wallyconway.com and http://www.gohomepro.com for more information!
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news
What Homeowners Should Know to Stop Foreclosure- Speaking Your Lenders Language
Financial literacy is the means of empowering consumers to make informed financial decisions through exposure to accurate and timely information. In no other area is the void of accurate information more evident that in the area of foreclosure.
Salt Lake City Real Estate
From the mountains to the valley, there are many types of Salt Lake City real estate to choose from.Cabins:Cabins nestled into the mountains on the east side of the Salt Lake Valley are a great place to escape for those who have a home in the valley (or nearby).
Raising Money For Property Development
In addition to finding the right property, one of the most difficult aspects of property development is being able to fund the purchase and re-development of the property before putting it back on the market.Many would-be property developers have the skills and flair for property development, but lack the financial clout to put these into practice.
High Profit Real Estate Investing--Make a Good Deal Every Time!
Knowing what a Good Deal is - Is the Key to Success inReal Estate.Dear Investor,Take this little survey: The most important key to Real Estate Success is:1.
Selling Houses: Psychological Effects of Landscaping
Buyers think they care more about the inside of the house than the landscaping, but in reality, most buyers won't even get out of their car if the front landscaping lacks the promise of great details inside. Therefore, your landscaping needs to arouse buyers' expectations and entice them into viewing the inside of your home.
How to Own a Dream Home in Spain
Every year hundreds of thousands of foreign visitors travel to Spain to delight in the fantastic weather, stunning natural landscapes, excellent entertainment options and superb Mediterranean beaches. Many of these people dream of one day owning their own property in Spain, in fact Spain is now one of the most desirable second home and retirement destinations in the world.
How Do I Implement The Lease Purchase Plan?
Well, as we have discussed in previous newsletters first you have to set up goals for yourself, both long term and short term. Don't forget these goals define how your business is run.
Getting Ready to Sell Your Property
We all have had the experience of someone important coming to the house and whether the visitor is an in-law, an old friend, or business associate you know the drill: Have the house in "show" condition.For investors the situation is much the same: First impressions count!!!! Even though you may not be able to tell a book by its cover, you'll probably pay more for a book if the cover is inviting, and attractive.
An Often Overlooked Secret of Marketing and Negotiating for Real Estate Investors Looking for Deals
When you call sellers, what do you say? When you sit down to write a marketing postcard to find deals, what do you write? When you go to negotiate price and terms, how do you present it?These are scary situations and it is not unusual to be at a loss for words at such times. In fact, you may avoid these situations all together just so you don't have to face the overwhelming fear.
Property Investment: Spoiled for Choice in Europes Emerging Markets
You could be forgiven for thinking that property is the new dot.com.
Young Couple Buys Ranch with Government Money
Kirk and Tina Sczepanik had a dream. They wanted a ranch of their own.
Las Vegas Real Estate - Luxury Properties
Las Vegas is known for it's over the top hotels and casinos, larger than life celebrities and jaw dropping shows.Over the past couple of years the Real Estate Market has taken center stage breaking national sales records in 2003 and 2004 with record appreciation rates as high as 52%.
How To Sell Your Home FSBO
You decide to sell your home and believe you can handle the selling process. Good for You!Of course you're a little nervous and that's normal.
Buying a House in Scotland
Buying a house in Scotland is slightly different from buying a house in other parts of the UK. It's not particularly complicated, and buying north of the border can often be quicker, but for those relocating from England and Wales there are a number of points you need to bear in mind.
Real Estate Investing - "The Neighborhood Factor"
Real estate investing can be a dream career when the process of buying and selling is mastered. The biggest challenge in real estate investing is not the money to get started or the availability of the product.
Seller Objections To Lease Purchase
A large percentage of the mail we receive are from people that complain that sellers don't want to do a lease purchase, they just want to sell their house. Or sellers come up with too many objections.
European Second Home Prices Wilt in Drought
Spain and Portugal have suffered one of their worst droughts on record this summer, with consequences from empty swimming pools for the tourist to economic disaster for farmers losing their crops and livestock.Roger Munns, Managing Director of Tribune Properties, predicts that property prices in the two European countries could drop as much as fifteen per cent in some areas as more owners decide to put their villas and apartments on the market.
Find Bucks in Yucks! 20-Year-Old Woman Turns Doghouses into Dollars!
Do you dream of making money in real estate? Do you realize how easy it is to make big bucks? Even a young inexperienced person can transform houses for great profit.How to Fix, Flip, and Laugh All the Way to the BankAt the age of twenty, our family friend Dawn made her first fortune flipping houses by herself.
Real Estate: Buyers Agent, Sellers Agent & Dual Agent (defined and explained)
There is a relatively new and not always well understood practice in Real Estate sales; it is called Buyer Agency or Buyer's Agent. Until recently Realtors and agents usually represented the seller, in opposition to the buyer, during the real estate transaction.
Many Ways To Make Money In Real Estate!
Real Estate is a multi-faceted investment arena - there are MANY different methods to earn money from different niches in real estate. One or several may work for YOU!Here's the typical experience: "buy your own residence and sell it when its all paid off and you want to retire, oh my gosh look at all the money its worth".
|home | site map|
|© 2006 TIGER MEDIA|