If you’re happy with the home, the neighborhood, and you get your financing approved, then you’re pretty much home free!
This article and the last few articles will explain the process of finishing escrow and getting settled into your home!
First, you should consider getting a home warranty, especially if you’re not buying an older home.
What’s a home warranty?
First, let’s explain that a home warranty is different than home/hazard insurance. Home/hazard insurance usually covers replacement costs in the event of natural disasters and fires/floods, etc.
A basic home warranty instead covers major systems in your home, such as the HVAC (Heating, Ventilation, and Air Conditioning) system, as well as the major plumbing system. There are also upgraded packages that can cover appliances as well.
When do I order a home warranty?
Normally you would order the home warranty near the end of escrow. You can also buy a home warranty after escrow. I recommend to buy it during escrow though, in case something involving hvac or plumbing needs work a few weeks after you move in.
How do I order a home warranty?
Normally your agent can recommend a home warranty company for you.
I like to use Ken Schilke at Fidelity National Title because they’re one of the longest running title companies and should be there for the foreseeable future.
Ken can be reached at
- E-mail: Ken.Schilke@fnf.com
- Cell: 702-528-5396
- Order a home warranty online at www.homewarranty.com
How much does a home warranty normally cost?
A home warranty on average costs $355 for a basic package.
Here’s a sample brochure with pricing from Fidelity National Title.
How do I use my home warranty?
Normally a home warranty allows you to call the company for an item that needs maintenance or replacement.
There’s usually a service call fee of around $65-75, but if a repair or replacement is needed, it’s usually done at no additional cost to you. This would save you thousands of dollars on things like plumbing repairs and air conditioning unit repairs and replacement.
If you have more specific questions about how your home warranty works, you should speak to your home warranty agent 🙂
I hope this article helped you learn about home warranties!
Ready for the next step? Click here: Step 10: Walk Through
Need to go back a step? Click here: Step 8: Getting Your Loan Approved
Want to start from the beginning? Click Here: Step 1: Setting Up Your Wallet
Thanks for reading! If you think this information is useful, please share it with a friend!
Leng Lim
Las Vegas Real Estate Specialists
702-343-2670