Fall is one of the busiest and most rewarding seasons for real estate sales professionals, and with this season comes a higher pressure to make sure that deals go smoothly.
Like other professionals in the real estate industry, real estate sales professionals need a reliable way to assess risk before a deal progresses too far. One of the most popular and trusted ways to do is by using the Parcel Register* as your additional due diligence tool that is available in the GeoWarehouse Store.
What Is a Parcel Register*?
A Parcel Register* is a complete record of a property within Ontario’s Land Registration System, including:
- The property’s description
- All instruments registered against the property
- A full transfer and financial history
It is a comprehensive resource for understanding the history and status of a property, all in one place.
What Information Can You Access?
Accessing a Parcel Register* through the GeoWarehouse Store gives you immediate, insights on the property you’re listing. This includes:
- The property’s PIN (Property Identification Number)
- A legal description of the property
- Details of the legal homeowner(s)
- Type of ownership
- Easements
- A history of property transfers, including details such as the names of transferees/transferors, dates, and amounts
- Detailed history of registered mortgages
- Detailed history of registered liens
How This Helps You This Season
Using the Parcel Register* allows you to validate a property’s information and ensure that you don’t waste your time on a deal that is fraught with potential issues. Instead, you can focus your energy on a deal that has potential. Some ways it supports you include:
- Verify Ownership: By leveraging the information contained in the Parcel Register* you can validate if your client is the legal homeowner. This is particularly useful when you’re working with a new client.
- Spot Hidden Risks: You can also identify underlying issues instantly – like property liens exceeding the value of the property or odd transfers that can indicate fraud.
By leveraging these insights early, you can reduce the risk of last-minute surprises and protect your commission, helping you finish the Fall market strong.
Take Action
Don’t let hidden risks catch you off guard, be proactive and help protect yourself, your commission and your clients. Visit GeoWarehouse to start exploring this powerful tool today.
*An official product of the Ontario government pursuant to provincial land registration statutes.
