February 26, 2009
The C.L.U.E. Report
Did you ask to see the C.L.U.E. Report the last time you wrote an offer on a property? As a seller, do you know what your C.L.U.E. score says about you and your property? The C.L.U.E. Report (Comprehensive Loss Underwriting Exchange) provides data of claims, the insurance companies involved, the type of policy, the location of a loss (on or off property), whether the loss was related to a catastrophic event (tornado, fire, etc.), the amount paid and the cause of the loss. Unlike a credit report that is tied to an individual, a C.L.U.E. Report is tied to property. Buyers might consider asking for a recent copy of the seller’s C.L.U.E. Report before entering into a binding contract (make it a contingency in your offer to purchase). Sellers should consider requesting a copy of their report to review it for correctness and to determine what claims, if any, during the past five years, have been included in it. For sellers, a strong C.L.U.E. report is another way of showing buyers that their property has a clean bill of health – and it’s one more way of instilling buyer confidence in purchasing your home. For buyers, a less than sterling report can confirm suspicions about possible issues including water damage, fire, and mold. Keep in mind that only the owner of a property can order this report – so, don’t be C.L.U.E.-less – know the score. I’m always happy to discuss selling and buying real estate, so visit my website www.SellingLakeGeneva.com for information on listings 24/7 and Buyer/Seller Services.
Posted By: 
Janis Hartley
Tagged With:
buyers,
c.l.u.e. score
and property offer
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