Realtors in Ontario have access a vast range of information, searches, reports, certificates, documents just to name a few. They are marketing professionals. They can provide very valuable information for Real Estate Investors. Majority of investors are NOT aware what Realtors in Ontario can do for you.
Here is the simple explanation:
The Parcel Register is a component of the property title search that reveals a property’s ownership information, legal description information and a history of all transfers, mortgages, liens and other encumbrances. This can verify who owns a property, what mortgages they have (validate equity), identify issues that could impact the real estate transaction.
Instrument images provide vital details when an issue is identified in the Parcel Register and further information is required. For example, let’s say there is a mortgage registered on your client’s property by a private lender, a discharge statement is required and no one knows where to obtain it. An instrument image can provide you with the private lender’s information and also the private lender’s lawyer’s information, including contact information. This can enable you to help your client obtain a discharge statement. The same is true if the Parcel Register reveals that a lien has been registered against the property. An instrument image can reveal the registrant, contact information and the amount of the lien.
The HomeVerified Insurance Claims history reports an excellent tool to learn the insurance history on a property. Uncovering damage claims can reveal floods, potential electrical problems and more… Through HomeVerified you can also verify if the property you are listing has been used as a grow op.
Gone are the days of having to order a property survey, organize and pay for expensive surveys. Realtors in Ontario can obtain them online in matter of few seconds.
Assessment Reports include information such as current value assessment, property type, site area and unit of measure, year built, zoning, last valid sale date, last valid sale amount, heating type, air conditioning, basement total area, basement finished area, garage type, and garage spaces.
Condo Status Certificates
Another very valuable report available through Realtors is the ability to request condo status certificates on any real estate closing that involves a condo. Obtaining a condo certificate is both costly and timely. Condo corporations demanding payment of the fee by certified funds, tight time lines on closings and needing to retrieve the certificate can really make obtaining a condo status certificate a grueling task. Condo status certificates can be ordered by a Realtor in Ontario only.