Uncover Insurance Loss Histories On Your Home! What Are The Advantages Of Requesting C.L.U.E Reports BEFORE You Sell or Buy? Find Out!

CLUE Report a Must for Home Buyers and Sellers

C.L.U.E. Home Seller's Disclosure Reports provide a five-year insurance loss history for a given address, or it can be ran on a person, without divulging personal and private information about a property owner. As a seller, if the report for your property indicates that you have not sustained an insurance loss within the past five years, a buyer can feel comfortable that insurance loss history of the property should not impact the availability or pricing of homeowners insurance.  So losses reported prior to that would not be included.  However, it's the case with many losses, collateral damage from the loss (such as mold caused by extensive water damage) would typically be evident within a short perior after the initial loss. 

This clear C.L.U.E report findings may give your home an advantage over one where the insurance loss history is a mystery.  By ordering the C.L.U.E Home Seller's Disclosure Report for around $20 at the tie of listing your home, as a smart seller, you will be ready for the first potential buyer to walk in the door.

Since thse reports are only available to those with "permissible purpose", home buyers cannot simply obtain a C.L.U.E Report on a home to satisfy their curiosity.  For this reason, the seller should be required to provide a C.L.U.E REPORT as a provision in the purchase offer, or purhase and sale agreement.

SOURCE:  LexisNexis & CBS Money Watch

Salee Zawerbek, Your Personal Real Estate Consultant For LIFE! 

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