
Frequently Asked Questions
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Verified Pre-Owned Homes (VPO HOMES) is a comprehensive product that helps sellers increase the sales price of their home while reducing risk for them and the homebuyer. VPO Homes will coordinate the pre-listing home inspection by a local verified home inspection company noting the ages and conditions of the homes’ systems. A list of required repairs will be provided. The seller makes the repairs (VPO can also assist coordinating with this) and VPO Homes will coordinate the re-inspection of the home ensuring all appropriate repairs are made. VPO Homes will issue your verification documents and will establish your Standard 1-year or Premium 5-year warranty product to transfer to the buyer of your home.
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Yes! If you have not had a recent inspection (last 90 days), the process is the same as above. If you have had a recent inspection from a local verified home inspection company within the last 90 days, the inspection company can issue you a list of required repairs and can enroll you into the program once the re-inspection takes place. Your Standard 1-year or Premium 5-year warranty will begin at enrollment. Alternatively, you can opt to skip the repairs and reinspection by having any deficiencies listed in the report omitted from the warranty.
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The home has to be in good condition with no major deferred maintenance or repairs required. All repairs must be made by licensed contractors.
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By offering the buyer peace of mind and confidence in the home, you will lower sales resistance and increase the number of ready willing and able buyers for your home. Buyers will feel more comfortable pushing their budgets knowing they do not need to save for costly repairs. Buyers will be more likely to pay a higher price for your home and waive contingencies. This will increase the odds of a successful contract and reduce the time and headache of selling your home. It also reduces your liability should anything go wrong with the home post settlement.
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Unexpected home repairs can be costly and stressful. Buying a VPO Home ensures that the home you are purchasing is in great condition and should not require any major repairs within the warranty timeframe. However, if something unexpected happens within the warranty timeframe, you are covered by the VPO warranty.
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No! All you need to do is visit the claims portal, submit a copy of the estimate/invoice and a copy of your verification and inspection report. Complete claims are processed within 2 business days. Please read the terms and conditions for specific details. If you are in need of a contractor, we may be able to help with a recommendation.
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Both products provide more comprehensive protection than a standard home warranty. The 1 year warranty allows the use of any licensed home inspector and does not include any age restrictions on the HVAC. The cost is $750 and does not include the cost of any inspections. The Premium 5 year warranty covers the home for longer. The cost is $5999 and includes a premium home inspection by a Verified home inspector. Buyers get additional peace of mind knowing that the HVAC systems are 12 years or younger. Inquire about pay at closing options!
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The Premium 5-year warranty option not only provides you with a longer term, but you also gain you the benefit of marketing the home as a VPO home. This will help you stand out in the market and encourage stronger offers from your potential home buyers as much of the risk of homeownership has been mitigated.
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We look forward to working with you. Please contact us and we will send you a list of documents needed to be verified. This will include a copy of a recent inspection report, your E&O and liability insurance, a Certificate of Good Standing for your organization as well as other information as needed.