The Real Estate Agent's Guide to Preserving Deals Through Property Claim Challenges

Disclaimer: This article reflects our experience managing hundreds of Minnesota property claims and is for informational purposes only. It does not constitute legal or claims advice. Every claim is unique and requires individual evaluation.

Your expertise lies in helping clients buy and sell properties. But what happens when your active listing suffers property damage, or your buyers inherit an undisclosed claim issue? In this guide, you'll learn why Minnesota real estate professionals partner with Parker Public Adjusting to get claims settled.

The Impact on Real Estate Transactions

Every real estate agent has faced that moment: A storm damages your listing the week before closing, or your buyers discover undisclosed damage during their final walkthrough. Between managing client expectations, preserving the deal, and navigating insurance claims, your professional reputation is on the line.

Think about your transactions:

• Have you dealt with insurance claims during active listings?

• Did you know some claim rights transfer to buyers at closing? (This requires an attorney)

• Are you familiar with how undisclosed damage affects closings?

• Have you encountered insurance claim issues during inspections?

• Do you understand how open claims impact financing?

• Have claims affected your commission timing?

Hidden Transaction Challenges

Through managing hundreds of Minnesota claims, we've seen how property damage complicates real estate transactions:

• Buyers inheriting incomplete repairs

• Lenders requiring claim resolution before closing

• Insurance companies denying claims after property transfer

• Repair costs exceeding insurance estimates

• Undisclosed damage discovered after closing

• Claim deadlines expiring during transactions

Protecting Your Deals and Your Reputation

Professional claim management from an experienced public adjuster means:

• Claim issues are professionally documented and reconciled

• Lender requirements for closed claims are addressed

• Your client has a dedicated professional handling the claims process

• If necessary, we coordinate and support attorneys that may be involved in the sales process

• We handle Commercial and Residential claims

It is important to note: claims have their own timelines. It's best to address claim issues head on, and early, rather than wait.

Why Timing Matters

Waiting to address claim issues can derail transactions. We've seen cases where:

• Last-minute damage threatened closings

• Undisclosed claims created issues

• Repair costs escalated during delays

• Policy deadlines expired

• Buyers walked away from deals

The Minnesota Advantage

Our state's unique real estate market demands local expertise. From understanding Minnesota disclosure requirements to navigating local building codes, regional knowledge matters in claim resolution.

Want to Learn More? Parker Public Adjusting helps Minnesota real estate professionals by helping property owners through professional claim management. Reach out to discuss how our claim expertise can support your real estate practice.

Our founder Sarah Parker also provides lunch and learn presentations for real estate offices and associations, sharing insights from hundreds of Minnesota property claims. CE accreditation may be available for select presentations. Please contact in advance to discuss and arrange.

Contact us to explore how professional claim management can support your transactions and strengthen your client relationships.