Why Use a Public Adjuster? In these trying times it is important for Real Estate Professionals and homeowners to not miss out on any opportunity to sell their homes. There are many challenges in selling a home and one with damage will only be sold at discounted price. There are times where this works and times where it is financially impossible to lower the price. Regardless why not get full market value when you sell your home.
· Sell at full Price. As a Realtor, when a client is looking to sell a home and you notice damage that is not from normal wear and tear, but from a sudden and accidental incident, the home owners' insurance policy may cover the repair or replacement of the damage item or system. The roof, walls, ceiling, flooring may all be covered. If you see evidence of smoke or water damage it would be a good time to contact a Certified Public Adjuster and have them offer a free property inspection. The complementary inspection may uncover a means to submit a property insurance claim to get the money to make the necessary repairs to facilitate a quick sell at full price.
· An Additional Free Service. As a matter of fact it would be a good practice to offer free Public Insurance Adjuster property inspections on all of your sellers' homes that you wish to list since you may not be trained to look for damage that may be recoverable in a property settlement claim. This will set you above your competition when fighting for a listing. The payoff is not just the listing and sale of a home, but then you may help uncover a potential claim that your seller is paid for receiving money they were not expecting. That money may cover repairs or just go into the sellers' pocket. Either way, the Real Estate Broker is the hero and will be given many referrals by going above and beyond the contracted duties and working with a Public Adjuster. Many homes may have repairs required before they qualify for Conventional, FHA or VA mortgage programs. By having a complementary home inspection by a public adjuster as soon as you list the home the claims process can start immediately and help the home to be sold and the deal close sooner.
· No Cash Outlay. Like Realtors many Public Insurance Adjusters work on a contingency fee. This means unless there is a claim that they initiate and manage through settlement, there is no fee. For the home seller this is a great benefit, because there is no cash outlay. They will only get money. Any funds they get as a settlement will paid to the home owner. Therefore they can choose the contractor to do the work or do it themselves. This win-win situation is only a benefit to the homeowner and the Real Estate Professional.
· Real Estate Investors. Realtors who work with Investors and Rehabbers will note that there are many potential claims that they overlook as they are just looking to rehab, rent out and or sell their properties for an investment. Many Insurance cover damages such as tenant vandalism that investors do not know are normally covered. In addition to performing the free property inspection. The Public Adjuster will review the insurance policy for investors, homeowners, landlords and small business owners to advise them of their coverage, terms, conditions and duties in event of property damage. This is also a complementary service.
If a seller chooses to contract a Public Adjuster (PA) and there is damage that is recoverable, the PA will guide them through the maze of proving the claim and get them the largest property damage settlement from the insurance company. The PA will help them navigate their duties and requirements the policy holder has and when they can do the work to sell the home as soon as possible. All to get money they were not expecting without the referral from their trusted Realtor.
By Louis Jeffries