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: 415 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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David Jablonski - Team Lead - Jablonski Real Estate Group - Remax First
At the end of January 2017 we saw positive numbers across the board. S
"David is easily the hardest working Realtor I have ever met. I called and texted him day and night, weekdays and weekends. No text ever went long before a response; I can honestly say I don't even know what his voicemail sounds like, he picked up every time. David always made time for me and my endless litany of questions, random thoughts, and occasional venting.
I used David first to purchase a home - the offer and acceptance was initially straightforward and painless. My later dealings with my bank, however, was an exercise in frustration - they did not book their assessor in time, and as a result David had to go back to the buyer repeatedly to negotiate extensions on my conditional sale.
We then listed my house and the real work began. The photography team that David works with made my humble little house worthy of the cover of Homes and Gardens. He provided me with beautiful brochures to include in my showings. They looked so good, I could have bought my house all over again.
Because I was probably Genghis Khan or someone equally horrible in a previous life, I continue to burn off quite a bit of bad karma. This iteration came in the form of an endless stream of failed conditional sales - four of them. My house was very popular (117 showings!) but because it was a starter home we were dealing with a lot of first time buyers - each failing conditions for their own reasons.
This is really where I saw David's value - he worked my sale - hard. After every showing, he followed up. He tracked those potential buyers that were interested but not yet ready to pull the trigger, and he regularly checked in with them. David passed on all the feedback to me, and we regularly strategized to determine if there was an obstacle that I could overcome with a little spending.
When a conditional sale fell through, David switched immediately back into sale mode and hit the phones, calling potential buyers to advise them that my house was back on the market.
David is highly strategic, knowledgeable, accessible, and capable. I have already recommended him to anyone that will listen. He's the bomb."