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I’ll rebate 1.25% of the purchase price of the home back to you

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[quote=HLS]There are a number of companies offering these plans, not just at time of home purchase.

I was curious about different plans and started looking… The companies that are most well known have poor reviews but there are several with high satisfaction ratings that I have never heard of.

Any great experiences with any of these Home Warranty companies ?[/quote]

I flip homes . When I am selling my own home I build a $500 home warranty plan into the deal . This stops a lot of problems and prevents the buyer from hassling the seller after close of escrow . It’s a buffer because if something happens the company is good in either repairing or replacing the appliance . Old republic is great . In my own home they replaced an air conditioning unit one year and the garage door motor the next year and the central vacuum the 2nd year.

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If you haven’t found a realtor you are comfortable working with I love to work with you and to prove it rebate 1.25% of the home price ($500,000 x 1.25% = $6,250) back to you in escrow as a credit for your recurring and non recurring closing costs . I’m a loan officer as well and will get you a great rate and I can cover your $500 appraisal fee. Most importantly you should choose someone who will answer your questions and get things done for you within minutes not ignore you when you need something done .

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It all depends how much the listing agent is willing to rebate the buyer for running both sides of the deal. Also sometimes you need to see how one property compares to another and without using your own agent on the buy side it will be hard to do.

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In regards to Redfin yes some people in the industry don’t like Redfin because they refund commissions and if Redfin is doing it people will ask if a franchise agent would be willing to match that . Also people think Redfin agents aren’t motivated to act quickly or somehow aren’t as professional or knowledgeable because they haven’t had to go find their own clients and they are salaried– not saying that’s true just what some people think. Other agents at the franchises think they will be doing most of the work if they get into a contract with a Redfin agent or that Redfin is too slow…

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The key is how the Husband and wife chose vesting in escrow when they bought the house. Since the husband brought 100k as his sole and seperate money how did he vest the property? Was the house Joe doe married man as his sole and seperate property or Joe doe and Jane doe as joint tenants ? Also was both of their incomes used to qualify for the loan? IF the husband didn’t intend to make this community property how was he making the payments for the home– through his community or seperate funds?

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Redfin agents are salaried and aren’t setup on a typical salesperson / broker commission split. Keep in mind if you approach the selling agent and ask if he or she will also be your agent as well (dual agency) it will be very hard for him or her to keep a fiduciary duty to you and the seller at the same time. The most important thing however is to get as far into the loan process as you can before placing an offer– it shows you are very serious to the seller by having your “DU approve/eligible” ready to show that if they accept your offer you won’t let them down.

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As a newer realtor and loan officer myself I think you are better off approaching a salesperson and asking if they would be offended if he or she would rebate 1% or more of the home purchase price back to you as a credit to your recurring and non recurring closing costs. You never know. Redfin rebates 0.8% of home price. You may even get a better deal if you find someone who can also originate your loan and extend even more credit to you with a better rate. Like everything in life everything is negotiable

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