Prudential Olympia REALTORS provides a complete and free Thurston MLS search of listings of houses and land in Olympia, Tumwater, Lacey and beyond. We also offer real estate information, including articles for buyers such as this one on home warranties.

Buyers commonly ask if the home warranty being offered by a seller is a “good deal.” Considering that the average furnace repair is between $1,250 and $5,000, a home warranty may save you dollars on a repair that pops up after the closing. In addition, the money you save by not having to foot the bill for the policy—which on average can cost between $300-$400—makes a warranty a worthy perk.

You should be aware, however, of exactly what the home warranty covers. Most sellers only purchase a one-year basic warranty, which will generally cover major built-in appliances and mechanical systems such as heating, electrical and plumbing, and usually it only covers normal wear and tear. For example, if the water heater was not in good working condition when the home was purchased, and it breaks a week or two later, there is no coverage.

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