BURBANK, Calif., July 7, 2011 /PRNewswire/ -- Buyers Protection Group, Inc. ("BPG") has enhanced their home warranty product to include an "Investor Option" specifically designed for clients who are buying, or already own, multiple residential properties. Home warranties or service contracts are typically purchased as part of a real estate transaction and may be renewed annually to help cover or offset the cost for repairing or replacing major appliances or systems.
Features of the Investor Option include consolidated quarterly reporting of claims and repair history for all covered properties, special concierge service for claims escalations, available wholesale pricing for investors wishing to upgrade to energy efficient appliances, discounted pricing for renewals, and special pricing on additional home inspection services for tenant-occupied properties.
"Handling both repair costs and tracking maintenance records can be a challenge for clients who own multiple properties," said Revell Fraser, BPG's President and CEO. "Whether it's 3 or 300 properties, we are providing additional services that can help make managing properties less burdensome and less costly."
BPG provides home inspections and home warranties in 14 states with a focus on the top 25 major housing markets. Over the past 12 months, BPG has experienced a significant increase in transactions generated from clients purchasing investment properties. "Across our network, Investor purchases have accounted for approximately 25% of our transactions -- with some markets like Atlanta, Phoenix, and Tampa exceeding 40%," added Fraser.
"A unique component of BPG's home warranty includes an optional annual "Tenant-Occupied Property Assessment," said Pat Schaffhauser who heads BPG's product initiatives. "Conducted by a professional home inspector, this assessment provides the owner with a customized report highlighting maintenance and safety issues – especially useful for out-of-state properties or properties inhabited by renters."
The Investor Option is being offered in most major markets serviced by BPG, for more information visit www.bpgwi.com or call 800-443-5599. Recently, BPG announced a new "Buyers Bundle" which may also benefit investors. The bundle combines a professional home inspection and 12-month home warranty along with other benefits and cost savings for those who purchase bank-owned, foreclosure, or short-sell properties.
About Buyers Protection Group, Inc.
BPG provides critical consumer-centric services to help real estate professionals, buyers, and sellers in their real estate transactions. BPG manages a network of employees, affiliates, and technology to deliver home warranties, home inspections, commercial and multi-family inspections, reserve studies, property disclosure reports, radon testing and monitoring, and pest inspections. BPG maintains dual headquarters in Alpharetta, Georgia and Burbank, California. For additional information visit http://www.bpgwi.com.
SOURCE Buyers Protection Group, Inc.