What are you purchasing for your significant other on Valentine’s Day; a box of chocolates, flowers…perhaps a house? Married couples made up 87% of buyers who purchased single family houses, while dating couples came in slightly behind at 86%.1 People in love seem to buy houses.
Here are a few reasons why a home warranty plan* offered by NextEra Home is a better purchase for Valentine’s Day than a box of chocolates.
- Purchasing a home epitomizes a large portion of the American dream and by the end of 2021, thousands of buyers will become homeowners. Realty forecasters are predicting that home sales will reach 6.9 million in the United States in 2021, the highest number of sales since 2005.2 Surprisingly, given the events of 2020, primarily a worldwide pandemic, consumers are also willing to spend more on housing, as the economy begins to recover. Real estate surveys indicate that a significant spike in home sales is on the horizon. The prices attached to those homes are also going up.3
Given the data, buyers and sellers should consider how a home warranty plan could help with any potential repairs, due to normal wear and tear for the buyer once the transaction is completed.
- A buyer might be more comfortable purchasing a brand-new home, even if the price of an older home is more affordable. The fear that something could go wrong with the home systems in an older house, as opposed to one that is turn-key, places fear in the heart of the buyer. Sellers, on the other hand, might also enter a realty transaction with trepidation, fearing the buyer will back out at closing because of an unresolved issue following a house inspection.
Buyers want to be assured that appliances and home systems are in good working condition. Without a home warranty plan, a buyer is purchasing blind, but a home warranty plan offered by NextEra Home would be beneficial to both parties.
- A seller who purchases a home warranty plan has peace of mind, knowing that nothing will go wrong at closing, at least not regarding home systems and appliances, that breaks down due to normal wear and tear. There is coverage up to $19,600 for repair or replacement for failures due to normal wear and tear when enrolled in a NextEra Home warranty plan. The plan also turns the tables for buyers who needn’t fear purchasing an older home over a new and more expensive turn-key house. If a major appliance breaks down due to normal wear and tear, you can submit a claim.
Purchasing a new home may not be the gamble that buying an old one is, but even new systems and appliances breakdown eventually. A home warranty plan offered by NextEra Home helps buyers prepare for the inevitable event.
If you’re considering purchasing a new home this year or if you’re not, either way a home warranty plan* offered by NextEra Home could prove beneficial. Besides, unlike Valentines’ Day chocolates, it doesn’t add calories.
For more information on how to enroll, call 833-634-6634.
* Home warranty plans are offered and provided by NextEra Home. The home warranty plans are service plans and not warranties.