One of the best programs for both the seller and the buyer
is the Home Protection plan or HPP.
The Home Protection Plan is a product used by some
REALTOR’s, like me, to add a layer of confidence and saleability to a home. In
general, you can compare it to an extended warrantee for a car. The program
protects all the "working” components and mechanical systems of a home from unexpected
and costly breakdowns and repairs for one year after the buyer takes possession
of the property. It covers plumbing, electrical, heating (some time limited),
Air conditioning (sometimes limited) and most appliances. The program can even
extend to the seller during the listing period.
Why would you want this? That’s simple, older homes have
older working parts which buyers notice. A buyer walking into an older home
starts thinking "what if” this breaks, or that fails? A plan like the HPP can
take away the feeling of unknown "costs” with older homes and give the buyer a
level of comfort that if "something” breaks, it’s covered and won’t effect
their tight operating budget.
The HPP allows older home to compete with younger homes in
the market place and is known to help a house fetch a better price. My past
buyer clients know the HPP as a "DEAL
SAVER” allowing them to buy a house the really love knowing a
mechanical breakdown won’t break the bank. The HPP also can also help home
inspection negotiations.
I always use the ERA Home Protection Plan and stand by the
product. There is a fee to the program which will cost about $400. I personally
feel this program is fantastic and have seen what it can do for both sellers
and buyers. That’s why I will cover the cost of the program every time.
If you want further information on the HPP, please give me a
call. I’d be more than happy to tell you all about it.
Tags:
Protection Plans , Home , Waltham , REALTOR , warrantee
Kenneth Brown
