A study conducted by American Home Shield and a major national real estate company reveals that homes offered with warranty protection sold an average of 23 days faster than homes with no warranty coverage.
In addition, those same homes earned four percent more at closing than homes without coverage.
In a year where first-time home buyers are expected to account for more than 50% of sales, home warranties could have an even bigger impact.Source: RISmedia.com
There are a number of factors for a first-time buyer to enter the real estate market. Historically low interest rates, an $8,000 tax credit, the decline in the overall median price from a year ago. If the first-time home buyer is transitioning from renting to buying, they have the perfect current buying scenario as long as funding is in place.
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