Home warranty – yay or nay?

I’m frequently asked whether a home warranty is worth it. In my experience of selling hundreds of home in Northern Virginia, the answer is – it depends.

A home warranty is only good if you will use it. Many times my clients don’t want to wait for the authorized repairman and choose to get the work completed themselves. Yes, it is faster, however it is also much more expensive.

Personally, I’m on the fence – I have both used and waived home warranties on my purchases for various reasons. However the statistics show that it is the smart financial choice!