Oct 15, 2015
Trying to Sell Your House? Why You Need a Real Property Report (RPR)
Congratulations! Selling your house is a life-changing decision, either you’re moving up in the world or you’re moving to somewhere else in the world!
No matter what your reasons are for selling, chances are you want to receive full value for your home. Your asking price should reflect the value of your home and any improvements you’ve made while owning it.
And the best way to prove the value of those improvements?
Real property reports are legal documents that outline both a property’s boundaries as well as the structures and features contained within. This includes encroachments from neighbouring properties and municipal compliance standards related to development throughout the property’s history.
In essence, a real property report takes all the guesswork out of selling your home.
In Your Buyer’s Shoes
Buying a home is all about imagination and making plans for the future. A real property report is a legal document that’s written independently of the homeowner, so it allows you to dream big without the threat of any potential issues.
Buying a home is a stressful process (as you know or about to find out), so it’s helpful to have a trustworthy report in hand that outlines all the key features of a property throughout its history. The history of a property will tell you if you’re able to build new structures or make modifications to landscaping or other underground features. Buyers will also appreciate full disclosure of any existing challenges on the property.
Buyer confidence is a good thing.
Maximizing Your Home’s Value
Securing a real property report before you list your home allows you to discover any obstacles that might stand in the way of a sale. The last thing you want is an issue coming to light during negotiations with a potential buyer. Even relatively small issues can damage buyer confidence and cause you to miss out on an early sale.
Buyers are on a schedule. The information they need is time-sensitive. Questions will inevitably come up during the process, so possessing the answers ahead of time not only expedites the process for you, but it gives the seller answers immediately and helps them make an informed decision.
Real Property Reports Save Time, Money & Energy
A real property report is a key tool to use when you’re selling your house because it’s an immediate advantage for the buyer. RPR’s help buyers make decisions quickly, they save sellers from the hassle of searching for answers and they ultimately confirm the value of the home.
Contact us to get a Real Property Report before you list your home!