High interest rates and expensive home prices appear to be diminishing real estate demand in some areas, resulting in signs of a market shift as sellers seek to sweeten the deal for potential buyers. As conditions continue stabilizing after the post-Covid real estate whirlwind, third-quarter reports indicate that 35% of homebuyers offered concessions to attract offers between August and October in 2023.*
This is fantastic news for real estate agents who want to protect their clients’ budgets and mitigate their risk with a home warranty. These trends indicate that more sellers may be willing to cover the cost of a homebuyer’s warranty coverage, providing an extra layer of confidence in their investment.
Encourage sellers to include a home warranty with every transaction. It’s a relatively inexpensive concession that can attract more motivated buyers to your listing while also providing valuable budget protection and priceless peace of mind.
Check out Old Republic Home Protection’s industry-leading home warranty plans and find the coverage your clients deserve!
*Source: Redfin Reports More Than One-Third of Home Sellers Are Giving Concessions to Buyers, Yahoo Finance, 2023.