Peace of Mind, Home Warranty/Residential Service Contract
Peace of mind is a quality treasured in many aspects of our personal and business lives. Perhaps nowhere is this more pronounced for real estate professionals, homebuyers and homesellers than in the transaction surrounding the sale and acquisition of a home.
Protecting this investment and all parties involved merits the utmost attention. This explains the dramatic rise in popularity of
Residential Service Contracts (or home warranties) for existing home sales in Texas. The increasing need to safeguard what is typically one’s largest investment — a
home — is the impetus behind this growth.
It's no surprise, then, that in the year 2006 an estimated record 500,000 + Residential Service Contracts were sold in Texas, a significant increase over previous years. Clearly, real estate professionals and consumers recognize the value and marketing benefits of Residential Service Contracts.
Homesellers can avoid potential after sale disputes. Homebuyers enjoy peace of mind and all important protection against potentially costly home repairs. Real estate professionals build a core of satisfied clients while reducing risk of litigation.
The driving force behind the increasing acceptance of Residential Service Contracts in Texas is the state’s highly respected Residential Service Contract industry. Professionally representing this industry is the
Texas Warranty Association (TWA), whose members are responsible for some 94% of Residential Service Contract sales in Texas.
Significantly, TWA data reveals that the industry saves consumers over $100 million annually in repairs and replacements.