Buyers are becoming more and more savvy, and more cautious about being sure they are buying the right house. One tool to help them decide is a C.L.U.E.® Home Seller’s Disclosure Report. This Comprehensive Loss Underwriting Exchange report can help you spot trouble areas before committing to purchasing the property.
Realtors can not order C.L.U.E. reports, but we can ask for them from the seller. Smart sellers will order them ahead of time and present them with the other disclosures. This will help provide further peace of mind to buyers who are thinking about making an offer.
So what is a C.L.U.E. report? It is a report of any major property damage that has been done to a home. It provides a 5 year insurance loss history for any address, and is often used by insurance agents to research past claims. If there are no claims for the past 5 years, buyers can feel safe that they won’t have problems getting Homeowner’s Insurance or have to pay higher rates. If there has been a claim, buyers can then ask for receipts to prove that the damage was properly repaired.
The C.L.U.E. property report costs $19.95, and I will be encouraging my buyers to ask for one when making an offer on any home.
For more information: http://www.choicetrust.com/
