GeoWarehouse Store Focus: Top 5 Reports Purchased in the Store and What They are Commonly Used For
The GeoWarehouse Store is available to Real Estate Sales Professionals who subscribe to GeoWarehouse. In the store, Real Estate Sales Professionals can access a vast range of information, searches, reports, certificates, documents just to name a few. This blog highlights the top 5 GeoWarehouse reports that Real Estate Sales Professionals purchase in the GeoWarehouse Store and why.
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. Real Estate Sales Professionals use this report to verify who owns a property, what mortgages they have (validate equity), identify issues that could impact the real estate transaction from closing and more…
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. Instrument images are a very useful tool for Real Estate Sales Professionals and can result in significant time savings.
The HomeVerified Insurance Claims history report can be purchased through the GeoWarehouse store and is 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, organize and pay for expensive surveys. Surveys are now available on GeoWarehouse. If a survey for the property is available it can be purchased online, through the GeoWarehouse Store. A digital format will be emailed immediately to you after completing the purchase process.
MPAC Assessment Data
Many Real Estate Sales Professionals turn to MPAC assessment data when they need information like a property’s accurate municipal address and to identify missing information on a transaction. There are a wide range of MPAC Assessment Reports available in the GeoWarehouse Store. MPAC 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.
Another very valuable report available through GeoWarehouse, just not through the GeoWarehouse store, is the ability to request condo status certificates on any real estate closing that involves a condo. As a Real Estate Sales Professional you know the act of 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 registering for Conduit through GeoWarehouse and then processing an order. Incorporating these very useful products into your workflow will result in you having more knowledge about your clients and their properties and save you time and money through increased efficiency.
If you would like more information about how you can access the GeoWarehouse Store please visit www.geowarehouse.ca or call 1-866-237-5937.