Teles Agent Adriana Mollica Talks to The Huffington Post About Home Warranties

Buying a home can feel like a nearly endless gauntlet of decision making. Not all of them are compulsory, however. Home warranties are one of the optional expenses one encounters when making a purchase, and whether or not to acquire it is usually up to the purchaser.

Luckily, good real estate agents can assist with decisions like these. Case in point: Adriana Mollica, a Teles agent has some expertise on the matter. Recently, she shared her opinion with the financial section of the Huffington Post.

First, the piece defines a home warranty. “Home warranties [typically] cost between $300 and $700 a year and have a service call fee that ranges from $60 to $100, depending on the company,” another agent told HuffPo.

“A home warranty will repair or replace … covered systems and appliances when they break down from normal wear and tear,” they said. “Most often, home warranties cover the mechanical components of these appliances.”

But are they worth it? For a “buyer to renew or for a homeowner to purchase their own warranty is a total waste of money,” Adriana Mollica, a Realtor for Teles Properties in Beverly Hills, California, said. However, she added that it depends on the situation, as it may be “a great idea for a seller to purchase [a warranty] for a buyer when selling their property” as an added feature to sell their home.

Other agents weighed in with their opinions as well. Read the article in full here. The story, also featuring a quote from Mollica, was also picked up by the publication Market Watch.