RE/MAX Equity Group, Inc. in Oregon recently commissioned American Home Shield (AHS) to conduct an independent survey. The survey was to learn the effects of AHS home warranties on a home's listing and sale price as well as the time it took to sell the home.
The purpose of this study was to see if a home would sell faster and for more money if it had a home protection plan on it. AHS used a 3d party - Cannon and Company, CPA firm located in Memphis, TN - to guarantee integrity in the survey.
What did the survey report:
1. The median list price of homes with a home warranty was 15% higher than those
with no home warranty.
2. Homes with a home warranty sold for a median price of 14% greater than homes
with no warranty. Specifically, homes with warranty sold for a median price of
$220,000 while those with no warranty sold for $193,000.
3. Homes with a warranty sold in 63 days on median average while those with none
sold in an average 72 days.
Jane and I are among the few who provide a home protection plan for ALL of our
clients. We recognized long ago the value of this service to our clients.
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