A Home Warranty is not required by the lender or to purchase real estate in California and is not a Homeowner’s Insurance policy. It helps with the cost to repair or replace appliances and other items in a home purchase.
With the 2024 National Association of Realtors update to buyer compensation, it’s important to understand buyers options when hiring an agent for representation.
Homeowner’s Insurance is required by lender’s, not state law. In California there is standard homeowner’s insurance and amendments and add-ons depending on different factors like location of the property.