re: Homeowners of the OT: Home warranties

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I just recently purchased my first home. It’s definitely a starter home but I’m very satisfied with it and excited to make it my own. It was built in 1950 so it’s an older house.

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My advice would have been to have the seller provide a home warranty as part of the negotiation. If they used a realtor to sell the house and the realtor ordered the home warranty then the realtor would have received some sort of commission on it (at least they used to). I generally recommend people get them on older homes. I will say I don't see as many ordered at closing like I used to but these are weird times in the housing market.

My personal experience, for every house I've bought that wasn't brand new I've gotten a home warrant. On my first house, the AC started going out and when the warranty repairman came he told me he could fix it that time but be sure to renew the policy for the following year because it wouldn't last another summer. He was right and I got a new unit out of it.

On my latest house, the year expired without a claim so we didn't renew it.

Like any warranty, the home warranty company usually wins. The likelihood of repairs costing more than the warranty is slim. It's just like any other insurance policy. You pay it not expecting to get your money back but hope that it is there in case you have need it for major repairs.