Important Tips for Completing a Residential Contract for Sale and Purchase – Part 9(e): Closing Cost; Title Insurance; Survey; Home Warranty; Special Assessments:

Closing Cost; Title Insurance; Survey; Home Warranty; Special Assessments

In section (e), the home warranty plan is identified. The home warranty plan is necessary for providing the means for repairing or replacing the home’s mechanical systems and major built-in appliances in the event of breakdown due to normal wear and tear. Next, the party who is responsible for paying the home warranty plan is indicated here. Lastly, a maximum price point is set for the home warranty plan where the cost of the plan cannot exceed.