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Home Warranties Are They Worth The Money? - YouTube
Channel: Mark Schreier Long Island Realtor
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home warranties that's the topic of my
next video
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all they worth the money or are they not
you'll have to wait and see
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hello everybody home warranties are they
worth the money that's what we're
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talking about right now basically what
is a home warranty for those who have no
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idea a home warranty is a warranty that
covers your house some of them are
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included when you buy the house so it
will protect the buyer particularly on
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an old property it covers the major
mechanical systems like your boiler your
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a/c system
some of them might include your
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electrical system and a whole other
array of appliances and things the more
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usually you include they have you know
the gold plan the silver plan the
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platinum plan the higher the plan the
more the money the more things that are
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covered in the house but is it worth it
let's do a little math and let's figure
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it out basically when you buy the
warranty you can either pay monthly you
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can pay yearly a lot of them include a
service call fee they also some of them
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have deductibles so after it's all said
and done is it really really worth the
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money well first there's so many
companies out there which makes
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competition really good and also means
that you have to do your research before
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you go and move foe with any company if
it's included with the price or if it's
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included with the sale of your house if
you purchased a house and it already has
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it make sure that that price didn't
before you bought the house make sure
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that the price wasn't elevated to
reflect that you are purchasing that
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home warranty so make sure you speak to
your realtor that's representing you and
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know your comps and if it is then that's
something you can negotiate on your
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particular deal before you close maybe
you don't want it maybe you want to know
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the company so do your research where
can you do it well google it you get the
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Better Business Bureau you got
Department of Consumer Affairs you have
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all these different rating systems that
consumer ratings there's a lot out there
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to help you do your due diligence when
you shop for a home warranty determine
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what you need you don't want to over
warranty your house because it's not
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going to be a cost-effective option and
no
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the average monthly cost is about fifty
dollars a month so remember this is it
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really worth buying a home warranty or
can you take that fifty dollars a month
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times 12 month 12 months a year put it
in a savings account that's $600 a year
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you have as an emergency funds for
something fun for something breaking
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down that $600 is not really that much
money if you have your essential AC
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system or you boil a break down but
after two years you have 1200 plus
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whatever interest you were able to find
three years and four years down the line
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you have more and more money saved up so
you could either do it that way or you
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can buy the home warranty the of your
choice after you do your research and I
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stress that because there's a lot of
companies out there that people are not
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happy with so I hope that gave you a
little insight into the home warranty
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process if you're new to my channel
thanks for stopping by remember to
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subscribe and hit that bell there for
notifications and leave some comments in
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the comment section down below and this
is Mark Shreier from Century 21 American
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Homes and I will see you or you will
actually see me on the next video hello
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yes I'm talking to you the person that
watched my video to the very end thanks
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a lot for watching if you enjoyed it
please give me a big thumbs up subscribe
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to my youtube channel like me on
Facebook I am a licensed real estate
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agent in New York State but I also have
a referral service that deals nationwide
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so if you're looking for to buy or sell
a house anywhere in the United States
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please send me a text contact me via
phone and I'll set you up with a local
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professional in your area if you're in
my vicinity I'd be more than happy to
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help you out in any of your real estate
transactions that you'd like this is
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Mark Schreier from century 21 American
Homes and I'll talk to you soon
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