WHAT IS A RESIDENTIAL SERVICE CONTRACT?

A residential service contract, also known as a home warranty, is a good defense for buyers against costly repairs or replacement of existing vital household systems and appliances* that may break down from normal wear and tear. Often the seller will agree to pay for the first twelve months of coverage at closing. Coverage normally is for systems and appliances in good working order at the start of the executed contract (i.e. pre-existing conditions are not covered). There is a low trade service call fee, similar to a deductible, for each visit by a service technician. Additional charges may apply to certain repairs and replacements. Visit Old Republic Home Protection or American Home Shield to find out more about these service providers and what coverage they offer.

* Please read contract for specific coverage, exclusions and limitations.

WHY DO I NEED AN AGENT TO HELP ME BUY A HOME?

For a Real Estate purchase to occur there must be a buyer and a seller. Real estate agents are involved in most purchases. Frequently, the agent(s) “representing” the Buyer is with the company “representing” the Seller. Obviously, the agent cannot represent the Buyer’s best interests fully, while also representing the seller. Even when the agents are from different companies the agent working with the buyer may have listings which cause him/her to focus on selling property.

As a potential Buyer, if you really want your interests represented, an agent who will negotiate hard on your behalf, focuses on services that benefit you, and is knowledgeable about the things that are important to a Buyer, you need a Buyer’s Agent to work with and for you!


What a Buyer’s Agent does for You:

A Buyer’s Agent pledges to work for the Buyer:
-To seek property that best fits the Buyer’s needs
-To review pricing policies and trends
-To help the Buyer analyze and select neighborhoods, schools, driving distances, a closing attorney and so on
-To negotiate on behalf of the Buyer
-To provide assistance and guidance with mortgages, insurance, warranties, inspection,and repairs
All with the objective of making the purchase process beneficial to the Buyer.

WHAT COSTS ARE INVOLVED IN A MORTGAGE LOAN?

Closing on a mortgage can be confusing and may involve many people, many documents and many fees. This information will help you understand all that is involved. Although the focus of this guide is on settlements for home purchases, much of it will also be useful if you are refinancing a mortgage. Click here to read the full article.

OTHER IMPORTANT INFORMATION

For Your Protection Get A Home Inspection - PDF download

Information About Brokerage Services - PDF download

Protect Your Family From Lead In Your Home - PDF download

Protecting Your Home From Mold - PDF download