Many buyers and sellers are unaware of what a Real Property Report (RPR) is and why it is needed. An RPR is the land survey showing the boundaries of the property and all the buildings and improvements on the property. This is everything from the house, garage, air conditioner, fence, deck, etc.
When buying or selling a single family home detached or semi-detached, as well as a bare land condo, you need an RPR. The seller has to legally provide an RPR to the buyer prior to closing with a stamp of compliance from the local municipality. If this is not provided to the buyer, there can be a delay in closing or even worse, a breach of contract.
It is very important that the RPR is ordered or updated as early as possible in the sale process, preferably before the property is listed to prevent delays. It can take 2-4 weeks for an RPR to be ordered, drawn up, and completed with a stamp of compliance. Sometimes there may be issues with the property such as a permit needed for an improvement on the property, or an encroachment onto an neighbours property that needs an encroachment agreement registered. It is always better to be prepared with time to spare rather than deal with an issue further along in the process.
If you have any questions on this subject or need anything contact me to discuss.
Author:David Jablonski Phone: 403-975-5915 Dated: March 28th 2017 Views: 107 About David: Active in Calgary real estate since 2007, David has seen every type of market and knows how to help ...
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Active in Calgary real estate since 2007, David has seen every type of market and knows how to help his clients navigate the tough waters. Each situation is unique and requires an individual plan of action to ensure each client achieves their goals. David believes that to truly help someone he needs to clearly identify their needs and work with them to meet them.
As a trusted advisor to many people over the years David has learned one important thing that he holds as the core value in his business: trust. It is vital that in any relationship there must be a strong sense of trust between him and his clients. Tough decisions have to be made along the away for both buyers and sellers, and they will rely on his advice to make that tough call correctly. He holds true to his own values, including honesty, and will never sell a dream just to get something done.
Ultimately David's main goal is to exceed expectations so that the client is not only satisfied with the result of their real estate experience, but happy to refer their friends and family to him. With this mindset and goal, clients always come first and their best interests remain top of mind.
In today's constantly evolving real estate industry, David continues to not only use the skills he possesses but sharpen and develop new ones that become important along the way. A strong understanding of technology and marketing is a huge part of today's business and is something David excels at. As a strong negotiator, David always gets the most possible for his clients. Clients will always have the best avenues available to help them buy and sell, making the road to reaching their goals a fun, easy, and efficient one.