Seller-Purchased Contracts Offer Convenience and Benefit for New Homeowners
(Lenexa, KS) Home sales can get hot and can slow down in quickly changing markets these days, but a home service contract always makes sense for sellers and buyers. Homeowners should get the most of them.
Home sellers very often purchase home service contracts on behalf of the buyer as an added incentive. They also may receive protection during the listing period and fewer issues after the sale. To receive the maximum benefit and convenience of these contracts, the National Association Home Service Contract Association offers the following guidance.
Review the home service contract to be sure that you understand all terms and conditions.Home service contracts generally provide service, repair or replacement for items such as dishwashers, ovens, disposers, electrical and plumbing systems – and most importantly, heating, ventilation and air conditioning systems (HVAC).
Maintain all appliances and household systems to keep them in good, efficient operating order. You will benefit from uninterrupted service and as well as potential energy savings.
Request optional coverage be included if you feel you may need coverage on items not typically specified under the standard coverage. If the home you are purchasing includes features such as a swimming pool, septic tank or spa, advise your agent to request this optional coverage.
Keep a copy of your contract easily accessible and post the providers toll-free service number in a visible location like the refrigerator door.
Call your contract provider at the first sign of trouble. Do not call a repair contractor directly.One of the benefits of your home service contract is that your provider works with a network of prequalified and licensed contractors in your area. If a breakdown poses an actual risk to your health or safety (such as lack of water or heat in freezing temperatures) most providers will work to expedite emergency repairs.
Follow up with your provider if for some reason you are not satisfied with the service provided. They will work with you to resolve your concern.
Be aware of when your contract expires. For your convenience, many companies will provide automatic renewal of your contract. If you did not wish to renew, contact your provider right away to exercise your cancellation rights.
The National Home Service Contract Association (NHSCA) is a non-profit 501(c) (6) industry trade organization of member companies serving home service contract providers and consumer interests throughout the United States. For more great industry, media and consumer information, visit https://homeservicecontract.org or call 913-871-5600.
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