According to a Forbes Home survey of 1,000 homeowners conducted in 2023, nearly 70% thought that their current home warranty coverage was worth the price. With over 23% agreeing that their policy saves them an average of $200 to $300 per repair . Home warranties offer several potential benefits to homeowners, providing them with peace of mind and financial protection against unexpected expenses related to home maintenance and repairs. Here are some of the key benefits of home warranties 1. ** Homes with Warranties can SELL 11% to 50% FASTER ** than homes without warranties. This range is relatively broad because the effect of a warranty on selling speed varies significantly depending on the local real estate market conditions, the specific features of the home, and the preferences of potential buyers. In a competitive real estate market where buyers are looking for added assurances and peace of mind, offering a home warranty as part of the sale can make the property more attractiv
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