Real Estate Minute: Get CLUE Report In Addition To Seller Disclosure

Added October 11, 2006 by Ilyce R. Glink

Print Articles

Summary: Real Estate Minute with Ilyce Glink Get a CLUE about the condition of the home you want to buy Original Air Date: October 11, 2006

Transcript: How do you know what is the true condition of the home you want to buy? Well, you could rely on the seller’s disclosure statement, or the industry knowledge of your real estate agent.

Or, you can order a CLUE report. CLUE stands for Comprehensive Loss Underwriting Exchange, and it’s a compilation of the past five years of losses filed against an insurance policy on a piece of real estate.

What can you find out? Well, you might find out that the home has a history of mold remediation. Or, that the basement once flooded. Or that part of the house burnt down and was rebuilt.

With insurance companies getting pretty darned picky about who they’ll insure, buying a house with a history of mold problems can mean you’ll never be able to buy a solid homeowner’s insurance policy. Better to know now, than later.

You can order a CLUE report on a house for just under twenty dollars at ChoiceTrust.com

With practical, informative consumer advice, I'm Ilyce Glink, News-Talk 750 WSB

See more articles on this topic by clicking on the "RELATED ARTICLES" above and to the right.

We have over 5000 articles on Real Estate Advice, Personal Finance Advice and Consumer Advice on our site. We encourage you to look at these articles. As always, if you have a comment on our articles, don't forget to post your comment below. We thank you for coming to ThinkGlink.com.

© Ilyce R. Glink. All rights reserved. This content may not be used, distributed, syndicated, compiled or excerpted in any medium or form without written authorization from Think Glink, Inc. For information on syndicating ThinkGlink.com please contact us.

Previous article Next article