Home Warranties


Definition of "Home warranties"

Steven Gilbert
Steven Gilbert Keller Williams Realty

Warranties issued by contractors, sellers, and real estate agencies that protect home buyers from specified defects in a house as per the contract.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

After-acquired Title

Doctrine by which the title of real property previously unsuccessfully transferred because of the lack of possession by grantor automatically passes t ...

Constructive Trust

Judicial order creating a trust for property wrongfully or illegally assumed or taken. The trust compels the person improperly to transfer it to ano ...

Range

Six-mile-wide column of land running north-south in rectangular survey system ...

Bona Fide Purchaser

Buyer who is acting in good faith, is not aware of any outstanding claims or rights of others to the property, and has given valuable consideration as ...

Land-to-building Ratio

Total building area as percentage of total land area. ...

Ad Litem

In practice, one where a guardian has been appointed to protect the interests of the suit on behalf of an individual who is either an infant or legall ...

Popular Real Estate FAQ

What Is A Term?

A term is the length of a loan. ...

What Is A Down Payment?

A down payment is the money you pay up front for the purchase of a home. ...

What Does Preapproved Mean?

When you are preapproved, you have a definite commitment from a lender ...

What Are Comparables Or Comps?

Recently sold properties that are similar in size, location, and amenities to the home for sale. These properties help an appraiser determine the fair ...

What Is An Escrow Officer?

An escrow officer - also known as a loan officer - is the person that walks you through the closing process. They are usually employed by the title c ...

What Is A Multiple Listing Service (MLS)?

A multiple listing service is a computerized listing of the homes for sale in an area listed with a realtor. Agents are granted access to the MLS and ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Down Payment: Everything You Wanted to Know Luxury Real Estate Forecast Furnished Rental Tips for Real Estate Investors How to Buy a House Quickly What is a Credit Score and How Does it Impact Real Estate?

FAQ

What is a FHA mortgage? What is a lease purchase mortgage? What do I need to know about Whole Life Insurance? What is homeowners association (HOA)? What do I need to know about Auto Insurance?