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Home Warranties Offer Great Benefits to Agents, Buyers & Sellers

homeumbrellaBy David Glenn

If there was a magic formula for selling real estate quickly and easily, you can bet every real estate agent would be signing up. Real estate sales affect agents, buyers and sellers one way or another. Although homes need to be in good condition and offer what buyers are currently seeking, the real estate agent ultimately drives the sales. To stay on top of their game and work a little magic, smart agents have learned that a home warranty, also called a home protection plan, can work miracles for increasing sales and quick turnarounds. Learn how agents, sellers and buyers benefit from home warranties and all come out as winners.

Home Warranties

Home warranty programs are available for purchase by consumers who want protection for home appliances and major home systems in the event they fail or break down. If any of the items under warranty in the program should fail, the consumer simply contacts the home warranty company and they see to it that the item is inspected, repaired or replaced by a qualified contractor.

Agents Start the Process

Once a real estate agent learns about the advantages of home warranty programs, work takes on new meaning and they see the possibilities for success. Skeptical buyers are no longer afraid to consider older homes when sellers pay for a home warranty. After an agent explains that the warranty covers appliances and major heating, electrical and cooling systems, clients become eager to see a home that was once not considered. The agent just got a shot at another sale!

Real estate agents have more time to devote to selling homes because they are not continually working out last minute problems and negotiations with sellers and buyers over failing appliances and air conditioners. REALTORS® can sell any home that comes with a home warranty faster. Home warranties are almost like having insurance. Customers like the idea of buying a home and not worrying about troubleshooting repairs, hiring contractors and forking over more money. Home warranty programs provide the magical solution for problem homes that aren’t turning over. Some homes may have the most wonderful qualities, but it’s often the bonus of a warranty program that seals the deal.

Warranties help agents to get satisfied sellers and buyers, which in turn, leads to more referrals and increased future business. Real estate agents stand to make more money when they sell more homes. There is no doubt about it; REALTORS® are in business for the money. Selling homes with warranties provided by the seller goes a long way to increasing REALTORS’® incomes!

Sellers Take the Lead from Agents

Sellers are overjoyed at the prospect of a home warranty that gives their home an edge when selling in a competitive housing market. Homes with a warranty typically sell for more money than those with no warranty. Any seller would be pleased to get top dollar for their home. Faster sales are appealing to sellers. Constant cleaning and showing the house weakly is tiring on sellers. The faster the home sells the better!

Buyers Dive at the Opportunity to Purchase Homes with a Warranty

Homes that come with a home warranty help to assure buyers that repairs for warrantied items are covered by the seller through warranty coverage. Interested home buyers don’t have to speculate on mechanical problems down the road and how much it’s going to cost them after they move in.

If we all had our way, homes would sell instantly and would always be a snap. However, life is full of surprises. Sometimes you’ve got to work a little magic with home warranty plans so REALTORS®, sellers and buyers all win.

 

David Glenn is a home improvement expert. He freelance writes about home maintenance and DIY home repair. He’s also knowledgeable about topics like how to improve social presence and build a reputation online.

Reprinted with permission from RISMedia. ©2015. All rights reserved.

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Simple Solutions for Your Outdoor Space

Gone are the days of basic backyards outfitted with plastic furniture and folding lawn chairs. Today’s outdoor spaces have evolved to become true extensions of the home offering all the style, comfort and function of an interior living area. From furniture and accessories to fully-appointed outdoor kitchens, the lines between indoors and out have blurred beyond distinction.

“More and more, homeowners are taking indoor activities outside and creating true outdoor rooms,” explained Adam Zambanini, vice president of marketing for Trex, a manufacturer of high-performance, wood-alternative decking. “We’ve seen a tremendous increase in demand for decks with more integrated features like built-in benches and storage components, along with accents both functional and decorative such as deck and landscape lighting, as well as railing styles and balusters similar to those found inside the home.”

Regardless of the size of your deck—or budget—there are myriad ways to get in on this timely trend. Here are some simple DIY tips for adding interior function and flair to your outdoor oasis:

Focus on furnishings

shutterstock_148713014 copyFew categories have evolved further or more beautifully than outdoor furniture. Today’s offerings span the style spectrum and feature all the comfort and performance of interior furnishings. When selecting furniture for your outdoor space, look for durable materials that will withstand the environmental elements. Trade in those flimsy folding chairs for more substantial pieces made of heavy duty frames with soft but durable cushions for optimum comfort.

Maximize function

shutterstock_117303511 copyWhen designing your outdoor space, define functional areas for different activities just as you would inside your home. Dedicate a space for grilling that affords a safe distance for guests and children from active flames and irritating smoke. Accompany large chairs with upholstered ottomans to create an inviting atmosphere and increase available seating. Finally, keep your outdoor space organized and eliminate all those pesky trips back and forth into the house with storage components similar to those you’d find indoors.

Illuminate with lighting

shutterstock_191295572 copyAccording to a recent Outdoor Decorating Survey conducted by “Casual Living” magazine and ApartmentTherapy.com, outdoor lighting ranks as the number one product that consumers want to add to their outdoor living spaces. Fortunately, it’s easier than ever to install lighting thanks to “plug-and-play” components. Consumers can choose from a wide array of lighting options that can be easily installed into a deck, railing or landscape to significantly enhance the atmosphere and safety of any outdoor living space. Or, for entertaining, incorporate string lights into the space.

Add the accessories

shutterstock_185452442 copyTo make your outdoor space truly feel like a “room” and a seamless extension of your home, incorporate interior-inspired accents such as decorative area rugs, but be sure to follow manufacturer guidelines – as some rugs react with materials like PVC. Other “indoor” accessories to consider include cushions, pillows and throw blankets made of weather-resistant fabrics. Forego paper plates and plastic cups for sturdy, stylish and eco-friendly reusable outdoor tableware. Add personality and color with plants, flowers, artwork and whimsical accessories, just as you would inside.

Source: www.trex.com

 

Reprinted with permission from RISMedia. ©2015. All rights reserved.

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Homeowners are Buying Bigger in Retirement

shutterstock_180833294 copyMany retirees are choosing not to move to a smaller home, according to a recent Merrill Lynch retirement study, conducted in partnership with Age Wave. While some retirees are interested in renovating, and others are looking to relocate, a shocking two-thirds (65 percent) of respondents believe they are living in the best home of their lives.

The study explored topics including new retirement realities, shifting family dynamics and fewer home-related expenses. Results showcase where retirees most want to relocate, their top renovation projects for those choosing to stay in place, and why new options are empowering retirees to stay in their homes and remain independent later in life.

During the next decade, the number of age 65+ households in the U.S. will increase by nearly 11 million, while growth in the number of households across all other age groups will be less than 2 million. This tremendous growth among older households is driven by powerful demographic forces, including the massive baby boomer generation now moving into their retirement years and increasing longevity leading to longer retirements.

The study found that 64 percent of retirees are likely to move at least once during retirement, with 37 percent having already moved and 27 percent anticipating doing so. However, perhaps the most interesting finding is that retirees are opting for larger homes, instead of the traditional late-life down-size. The study found that half (49 percent) of retirees didn’t downsize in their last move – and, in fact, 30 percent moved into larger homes. Retirees’ top reasons for upsizing were to have a home large and comfortable enough for family members to visit (33 percent) or even live with them (20 percent). According to this study, today one out of six retirees (16 percent) has a “boomerang” child who has moved back in with them. Retirees who did downsize (51 percent) cite greater freedom from the financial (64 percent) and maintenance (44 percent) burdens of a larger home among their top reasons.

View the study results in their entirety here.

Reprinted with permission from RISMedia. ©2015. All rights reserved.

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