Your Buyers are purchasing an REO property. They ask you if there were any previous damages from any Insurance claims? You can’t find the previous owners to ask?
Oh, What to do? Order a CLUE report
Providing information to a potential buyer that makes the home you are selling more attractive is to your advantage.
Some homebuyers are requiring home sellers to provide a C.L.U.E. Home Seller's Disclosure Report as a contingency to a purchase offer.
By ordering the C.L.U.E. Home Seller's Disclosure Report at the time of listing, the smart seller and his/her agent are ready for the first potential buyer to walk in the door.
Information provided on the reports include the date of the loss, the type of loss, the name of the insurance company, policy number, the amount paid, and other general information.
As with any report that is collected by a consumer reporting agency, you have the right to obtain a free copy annually. Information on how to obtain your CLUE report can be found on the CLUE Report website
your insurance premiums are determined by the information provided on these reports, therefore,
it is recommended to check them periodically. In the event you find a discrepancy on your report, you have the right by law to dispute it.