As you are driving down the road, you see the cutest little house in your dream neighborhood. You are delighted to see a “For Sale” sign out front, emblazoned with a real estate agent’s name and a number encouraging you to “Schedule your viewing today!”
What do you do?
Many older homes are long on architectural details, but short on closet space. At the time historical homes were built, most individuals didn’t own more than a few articles of clothing, greatly reducing the need for closet storage.
“C.L.U.E.” stands for Comprehensive Loss Underwriting Exchange, which is a compilation of claims made against a property, collected in a national insurance company database. This report can tell a potential buyer how many insurance claims a property has had over the last five years, when those claims were made, what type of loss was claimed, how much was paid to settle the claim or if the claim was denied—information that can be extremely helpful in discovering hidden problems, prior to purchase.