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What is a Home Warranty?

by Ashton Gustafson

http://www.ahswarranty.com/homeowners/homewarranty101/homewarranty101.html

What is a home warranty?

A home warranty is a service contract that covers the repair or replacement of many of the most frequently occurring breakdowns of home system components and appliances.

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Why do I need a home warranty?

Your home is most likely one of your biggest investments. Unexpected repair or replacement costs can easily strain your budget. Plus, finding an approved and insured contractor to solve your problem can be stressful and inconvenient. A home warranty cannot prevent systems or appliances from breaking down, but it can help make covered repairs or replacement easier and less costly.

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How does a home warranty work?

When a covered item breaks down, request service by calling 1-800-776-4663 to speak with a highly-trained AHS customer service representative or visit us online at www.ahsservice.com. We’re here 24 hours a day, 7 days a week, 365 days a year to accept your service request. After your service request is received, one of our approved and insured contractors will contact you to schedule a time to diagnose your problem. A low Trade Service Call Fee, per trade, is due when the contractor arrives to diagnose the problem. Once repair or replacement is complete, and as long as we have your proper email address on file, AHS will send you a follow-up customer satisfaction survey regarding the service preformed.

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Why should I choose American Home Shield?

We lead the home warranty industry with over 35 years of experience caring for our customers, and today have over 1.3 million home warranties in force nationwide. AHS is committed to and solely focused on providing relief from home repair hassles, and continues to deliver innovative home warranty products to our customers.

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Your home is likely one of your largest investments – don’t trust the covered repairs or replacements to just anyone. Our network of over 11,000 approved and insured contractors are monitored and graded by our customers to help ensure satisfaction. Make the right choice in case things go wrong.

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Is everything in my home covered by the AHS Home Warranty?

No. While not everything is covered, we do offer coverage for many of the most frequently occurring breakdowns of home system components and appliances. Please review sample contract for specific covered items, terms and conditions, limitations and exclusions.

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How many times can I use my AHS Home Warranty?

Unlimited during your contract term. Currently, we have over 1.3 million active warranties in place nationwide, and on average, over 2 service requests are made by our customers each year. In 2007, that resulted in over $304 million spent nationwide to take care of our customers by repairing or replacing covered items.

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What if I have an appliance that just can’t be fixed?

If AHS determines your covered system component or appliance can’t be repaired by a service contractor, it will be replaced.*

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What out-of-pocket expenses will I have?

For each service request, you will pay a Trade Service Call Fee to each contractor of a different trade (plumber, electrician, etc.) who visits your home to diagnose a problem or perform service. There may be additional costs associated with the repair or replacement of covered items. Details will be included in your contract.

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How do I know my service contractor is qualified?

Our comprehensive network of approved and insured contractors are consistently monitored and graded on their performance through our customer satisfaction survey program.

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Is the AHS Home Warranty renewable?

Yes, warranty holders may renew their AHS coverage (at the option of AHS). We will notify the homeowner in advance of the expiration date, and will offer a variety of convenient payment plans.

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I'm in the market for a home. What's the benefit of buying a home protected by an AHS Home Warranty?

An AHS Home Warranty helps provide confidence during and after a home purchase. An unexpected, covered breakdown can be devastating to your budget. Enjoy your home without the hassles of covered breakdowns.

When a covered system component or appliance breaks down, call one number or go online 24 hours a day, 7 days a week, 365 days a year to request service. There's no need to get back in touch with the real estate agent or track down the previous owner.

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I'm selling my home. Why would I want an AHS Home Warranty?

An AHS Home Warranty helps give buyers additional confidence in the real estate transaction—they’ll know that AHS stands behind the covered systems or appliances in the house. An added benefit is that we can also protect your home while it’s on the market which can help you avoid investing more money into a home you’re trying to sell.

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My home systems and appliances are old. Does that matter to AHS?

No. The age of a home or its system components and appliances are not important to AHS. The covered items must be in good working condition and properly maintained at the time coverage is purchased.*

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Does AHS need to inspect my home systems and appliances before I purchase?

No. A home inspection is not necessary to order an AHS Home Warranty.*

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What is a Trade Service Call Fee?

Since it may require more than one contractor or several unrelated trips to the house by the same contractor, (one to fix the pipe, another to fix the dishwasher) there is a fee due for each trade a service call covers. It's perfectly alright to report more than one breakdown at a time. Additional fees may apply if the repairs fall into different categories.*

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Is there a limit to the number of repairs AHS covers?

No. American Home Shield allows an unlimited number of covered repairs.

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* Not all home systems and appliances are covered. To receive a copy of the contract that details specific coverages, exclusions, and limitations, please call 1-866-634-1442. Coverage includes single-family homes under 5,000 square feet. The trade service call fee applies to the initial visit by a technician for each covered trade. Additional charges may apply to some repairs and replacements. AHS may provide cash back in lieu of repair or replacements in the amount of AHS's actual cost to repair or replace that item, which at times may be less than retail pricing. Systems and appliances 1) will be replaced with units that have comparable features, not necessarily the same dimension, color and/or brand; 2) must be in good working condition on the effective date of contract; 3) designated by the manufacturer as commercial are not covered. Improper maintenance of any covered system or appliance may result in denial of coverage for lack of maintenance. Offer valid for new AHS customers only. Not valid in conjunction with real estate transactions or current AHS contract renewals. Cancellation after the review period is subject to administrative fees and service costs incurred prior to the cancellation date. Refer to contract for state specific cancellation provisions. Void where prohibited by law.

What Would You Do With $7500?

by Ashton Gustafson
What would you do with $7500?  Now's your chance to ask yourself that question - and have it be a reality.  To stimulate the mortgage industry, a $7500 tax credit is now available to first time home buyers. 

If you buy your first home by the end of this year, you could be eligible for the credit on your 2008 tax return.  So what would you do with that money?  Let's talk investments.  You can put it in savings and let it gain interest while you pay it back $500 at a time at no interest over the next 15 years. 

Some may choose to use the money to pay bills:  You could put it towards your new mortgage, your school loans, or pay off credit cards.  If  you borrowed the down payment for your home, the tax credit could pay that money back to prevent you from being indebted to a family member.


On a more exciting note, your brand new home presents many opportunities to put that money to good use --   renovations and upgrades, new furniture.  Another opportunity you can take is to travel.  What better time to see Italy, or New Zealand, or to take the family on a cruise?  There are no restrictions on what you do with the money.  Once you file your taxes and get your return, the possibilities are endless.


If you're considering buying a home and want to be able to file for the credit on this year's taxes, you must close on your new home by the end of the year. Please call me at 940.224.0881 to discuss ASAP.

October Pod Cast Is Up - Wichita Falls Real Estate

by Ashton Gustafson

http://www.talkrealty.com/ashtongustafson - LISTEN TO ASHTON'S PODCAST

September was another great month, with 6 closings totalling over $1 million in total volume. With interest rates still historically low, this is a great market that my buyers are taking advantage of. I already have another 7 properties in contract for October - just 5 days into the month. For everything real estate related, see www.TexomaHomeSource.com

Ashton Gustafson

The Bishop Group

www.TexomaListings.com - FOR BUYERS

www.TexomaHomeValues.com - FOR SELlERS

New Wichita Falls Real Estate Pod-cast

by Ashton Gustaphson

Are you moving to Wichita Falls? But not for a long time? Wondering what the market is doing? I invite you to subscribe to my new podcast that will be updated monthly to keep you better informed. http://www.talkrealty.com/ashtongustafson We will discuss national topics as well as local trends and statistics. If you would simply like to know when homes come on the market in your criteria, go to www.TexomaListings.com .

What is my home worth in Wichita Falls?

by Ashton Gustaphson

http://www.TexomaHomeValue.com/

Wondering what your home is worth? Go to the link above. You will be given an up to date market analysis of your home within 24 hours of submitting your information. Numerous people have found this useful in helping determine if now is a good time for them to sell. For any questions or concerns, contact Ashton Gustafson @ 940.224.0881.

 

Housing Act May Help Some Struggling Texomans - Ashton On The News

by Ashton Gustaphson

http://texomashomepage.com/content/fulltext/?cid=11601 Click to watch Ashton's News Story

Reported by: Erica Rosales
Friday, Aug 1, 2008 @06:32pm CST

 It's being regarded as one of the most significant housing bills in decades.

With more than $300 billion being invested to stabilize a shaky market, some Texoma housing professionals say it can only help.

Ashton Gustafson

Bishop Group realtor associate
"Home values here are very, very affordable and for a first time home buyer it makes this new house bill very promising."


The Housing and Economic Recovery Act of 2008 offers a tax credit to first time home buyers of up to $7,500. The credit is essentially an interest-free loan that buyers will repay to the government over a 15-year period.


Ashton Gustafson

Bishop Group realtor associate
"There's been numerous first time home buyer incentives over the past few years but we haven't seen anything like this."


The bulk of the money in the act aims at helping folks who already own their homes but who are on the brink of foreclosure. Some home owners will be allowed to refinance into fixed-rate loans insured by the federal government. But Debra Clements, owner of Argocie Mortgage, says the measure limits help to some of the people who need the most help.


Debra Clements

Argocie Mortgage President
"You're gonna have to come up with looser guidelines. You can't just sit here and say OK well, we're gonna give all this money to this bill but you've gotta have a perfect credit score."


Housing professionals agree that there are a lot of gray areas in the bill that they'll have to help people sort out before they can find out if they'll qualify for assistance, but they say right now any bit helps.


Debra Clements

Argocie Mortgage President
"There's a lot of people that are hurting right now in a lot of areas of their lives and mortgage is just one part, but I think any help we get is good."


For more specific details on the bill you can visit the Bishop Group website at www.WichitaFallsSource.com/blog or you can find an overview and full text of the act at http://www.govtrack.us/congress/bill.xpd?bill=h110-3221.

 

 

Text "ASHTON" TO 47464 - Wichita Falls

by Ashton Gustaphson

I have now introduced a new system for buyers to utilize while driving and looking at homes. If you pass a listing that I have in Wichita Falls, you can simply text message "ASHTON" to 47464 with your cellular phone and have the criteria of the home sent to your home as well as photos. This is a great feature and another simple set in the modern approach of buying and selling real estate.

August MLS Statistics - Wichita Falls

by Ashton Gustaphson

I have said numerous times how fortunate we are to live in Texas at these times. Total sales volume for the Wichita Falls MLS were $25,943,968. When you compare this to August 'O7 ($24,163,809), you will see that we were actually up 7%!!!! If you are considering buying or selling Real Estate at this time, please give me a call or email me at ashton@bishoprealtors.com

And don't forget about the new sites - www.TexomaListings.com - For Buyers

or www.TexomaHomeValue.com for Sellers.

Displaying blog entries 11-18 of 18

Contact Information

Photo of Ashton Gustafson Real Estate
Ashton Gustafson
The Bishop Realtor Group
1916 N. Elmwood Ave.
Wichita Falls TX 76308
Office: 940-691-7355
Fax: 940-691-7363