Southern Maryland Best Buys

head_left_image

When Buying A Home, Get a C.L.U.E.

This is a very good tip. This step may reveal more than perhaps even the Property Disclosure reveals. It impacts your future investment in the home. So check this out with your Insurance Agent or check out the link below. Get a C.L.U.E. for peace of mind!

When purchasing a home, whether it is a foreclosure or a "regular" sale, it can be very important to be aware of the insurance claims that have been brought against the property.  This information can make a big difference in whether or not the home is a viable alternative for a buyer.  There are two primary reasons that insurance claims brought against a property can make a difference to a prospective buyer:

1)  If there have been many claims against a particular property, the house may be deemed as difficult and/or expensive to ensure in the future.  As a result, a buyer could find it difficult to obtain property insurance at a reasonable rate for their new home.
2)  Significant insurance claims that have not been adequately addressed (i.e. water damage), could cause massive problems later on for the new home owner.

Insurance claim history can be found in what is called a C.L.U.E. (Comprehensive Loss Underwriting Exchange) Report which can be ordered by the owner of a property at
PersonalReports.LexisNexis.com. (Formerly known has Choice Trust) The report is available for a nominal fee.  When selling your home, if you have not had any significant claims on your property in the past five years, it is to your advantage to proactively provide this information to prospective buyers.  When purchasing a home, you can write in a request to review the C.L.U.E. report as a condition of your purchase.


Now, more than ever, when buying a home, it is important to get a C.L.U.E.

_________________________________________________________________________________

 
You'll "Retrieve Golden Results" with Cheryl Ritchie, RE/MAX Leading Edge, for all your Southern Maryland and Anne Arundel County Real Estate Services.
 
OR Call/Text Cheryl at Cell 301-970-7566 OR EMail
GoldenGirl@GoldenResults.com for the Golden Results YOU Deserve.
 
Visit my Digital Business Card at https://about.me/GoldenResults
 
 
 

Or Visit my "Golden Results" Social Networking Sites

RSS Feed http://twitter.com/GoldenResults http://www.linkedin.com/profile?viewProfile=&key=23151495&trk=tab_pro http://www.stumbleupon.com/stumbler/goldenresults/reviews/ http://www.facebook.com/goldenresults http://delicious.com/goldenresults http://www.flickr.com/photos/goldenresults http://www.google.com/profiles/RetrieveGoldenResults
Comment balloon 0 commentsCheryl Ritchie • September 25 2010 08:32AM

Comments

Participate