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Are home warranties worth the cost?
Are home warranties worth the cost?

Homes that come with warranties sell 11 days quicker and for an average of $2,300 more than those without, according to a recent survey by one of the country's largest warranty providers. But one consumer organization says such warranties aren't worth the cost, which is $400 to $600 a year. "Instead of buying one of these policies — or placing any value in the one provided when you buy a home — you'll do better to place that money into a home-repair fund," says Consumers' Checkbook, an independent nonprofit that publishes local magazines in seven locations, including Boston, Chicago, San Francisco and Washington, D.C. Home warranties have...

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