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Home warranties

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   Homebuyer's Dictionary (glossary)

Home warranties

A home warranty may usually be purchased prior to closing, but paid for during the closing process. Occasionally warranties are provided by the seller or can be negotiated with the offer to purchase. Home warranties typically cover the mechanical components of your new home for a full year after purchase. The home warranty can help provide the comfort that you won't be facing bill expenses for heating, cooling, water heater replacement, etc. right after you move in. Ask your real estate professional about obtaining a home warranty and the full advantages.

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