A home warranty policy protects you from the expense of major repair or replacement caused by unexpected mechanical failure of a major system or appliance. For a moderate premium (usually in the $400 range for a basic policy) payable at closing, you can acquire a policy which protects your home during the listing period and the buyer for one full year after closing from major repair or replacement bills.  By selecting the policy at time of listing you ensure that the buyer is getting a warranty you are comfortable with and protection for you as well.

Most policies have a $50 to $100 deductible, and you usually must call the number on the warranty to get a list of their approved contractors prior to any repairs. A home warranty is good peace of mind!