How public adjusters help real esate agents sell properties
When should a realtor consider using Public Adjuster?
In these times it is important for Real Estate Professionals and property owners to not miss any opportunity to sell their properties.
There are many challenges in selling a residential or commercial property 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, you should strive to get full market value when you sell.
4 not so obvious tips for realtors
SELL AT FULL PRICE
As a Realtor, if you notice damage that is not from normal wear and tear, the home owners' insurance policy may cover the repair or replacement of the damaged 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 Licensed 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 for needed repairs to facilitate a quick sell at full price.
A VALUE-ADD FREE SERVICE
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 realtor 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 OUT OF POCKET
Like Realtors - Public Insurance Adjusters work on a contingency fee - meaning, 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 out of pocket. They will only get money. Any funds they get as a settlement will be 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/FLIPPERS
Realtors who work with Investors and Flippers/Rehabbers will note that there are many potential claims that they overlook as they are just looking to flip, rent-out and/or sell their properties for an investment.
Many insurance carriers 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.