For many home sellers and home buyers today, a home warranty comes as standard fare during the transaction. In some cases, it is the seller who will purchase a home warranty as an extra perk for buyers interested in purchasing the property.
In many more cases, the buyer will choose to purchase a home warranty to help keep home repairs and maintenance costs more reasonable. If you have never bought a home warranty before, you probably have lots of questions, including what a home warranty does and doesn't cover, the average cost of a policy and what type of property makes the best candidate to purchase a home warranty.
What Is a Home Warranty?
As Investopedia explains, there are important differences between a home warranty and…