What is clue report real estate

It's a document that the seller fills out stating all the information they know about their property that would possibly affect a buyer's desire for the property or affect it's value, such as previous water damage, termite treatment, etc. Rules governing what must be disclosed by law differ from state to state. When a property is being sold by a lender, they do not provide a SPDS since they don't really have any information to provide on the home.

The database is a collection of "insurance claims" against homes and automobiles and the like. A CLUE Report shows all claims made on the property in the past 5 years, which is very useful information when buying a home, which is why buyer's may request this.

Lenders selling a foreclosed property will not likely provide this. Sometimes a Short Sale, which technically IS being sold by the owner and is not yet a foreclosure, also will not provide these documents because they're not making any money, so they are not motivated to do so.

It's the norm for foreclosed properties and pre-foreclosure short sale properties to be sold without these documents. So, don't let the lack of these document deter you from looking at foreclosures and short sales. We greatly underestimated the amount of work and knowledge involved in real estate transactions.

Fortunately, we had Michelle and Emma to lead us through every step of both transactions. They answered every question thoroughly and with great knowledge, they were creative and thoughtful in addressing issues, they were always available to us and constantly communicating with us.

We were never left wondering what was happening or what would happen next. They showed us several homes and they were objective and patient and never pressured us to make an offer on a house. They waited until they knew we had found the house that would be our new home and then they did everything to make it happen.

They knew how to list our house, with beautiful photographs, to show it at its best. Even after the transactions were complete, they have kept in touch and followed up to make sure we are happy with everything. They are amazing. You cannot go wrong with Team Shelton! Michelle did an exceptional job of helping me sell my home. She directed me on things to be done to increase the buyer appeal and value. When we had multiple offers, she used her experience to help me get the maximum sales price.

I very much appreciated her constant updates throughout the selling process. Michelle is a wonderful real estate professional. I highly recommend her. Michelle and Emma Shelton are the very best of the best when it comes to realtors.

They are super knowledgeable, friendly, they communicate very well, and are extremely professional. It was so great getting to know them and work with them on finding our new home. I couldn't have asked for a better experience with them. Select basic ads. Create a personalised ads profile. Select personalised ads. Apply market research to generate audience insights.

Measure content performance. Develop and improve products. List of Partners vendors. The Balance Insurance. Table of Contents Expand. Table of Contents. How Insurance Companies Use It. Getting a Copy of Your Report. How to Correct Mistakes. By Lorraine Roberte.

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