GMAC Real Estate Buying Articles - Protecting Your Home Investment: Pre and Post-Closing
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Protecting Your Home Investment: Pre and Post-Closing

Takeaways

  • Gain peace of mind before closing on your new home by having it professionally inspected.
  • Home warranties protect the seller before closing, and the buyer after closing.
  • These warranties cover the costs of major home system failures.

Did you know?

  • GMAC Real Estate offers a Home Protection Plan that covers major systems and appliances for 13 months after the sale of a home.
Be sure to have the house professionally inspected before signing the contract. Two things can add to your peace of mind as you enter the final stages of home buying: home inspections and home warranties.

Pre-Closing

A professional inspection of a home prior to closing can lessen the chance for surprises. Even if you've arranged to have an inspection, you should still plan to take a "walk-through" of the property immediately before the final papers are signed.

Post-Closing Protection

A home warranty can protect sellers before the closing and buyers after the closing against the failure of major home systems during the warranty period. In most states, GMAC Real Estate offers a Home Protection Plan. This plan will pay to repair or replace items such as heating and cooling units, plumbing and electrical systems and appliances for 13 months after the sale. Ask your Agent for specific information.