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Most real estate sales professionals in the province of Ontario use GeoWarehouse. With a GeoWarehouse subscription, you have access to a host of information and reports that you can generate about a property, by neighbourhood and even by an individual’s name. What some are less aware of is the GeoWarehouse Store itself.
The GeoWarehouse Store offers access to a host of paid, supplemental searches, documents, images and reports that help real estate professionals do the best job possible for their clients. In this blog, we cover three life-saving reports that are available in the GeoWarehouse Store – reports that can save your client big time!
While property title insurance may be acceptable to some financial institutions when financing a mortgage, it is not acceptable to most homebuyers. Most homebuyers want a survey. When a survey is not available, it has, in the past, been a major cost and inconvenience, especially when a new survey is required. Always check in GeoWarehouse first! When searching a property, if a survey is available, it will indicate this. You can then purchase a copy of the survey through the GeoWarehouse Store.
While the use of Parcel Registers* has become commonplace, another tool you may not know that you have at your fingertips is the ability to look at Instrument Images. Anytime something is registered on the Parcel Register*, there is an associated registration number. This number can be used to retrieve the document that was registered against the title of the home. For example, if you look at a Parcel Register* and you see a lien, the Instrument Image will reveal who registered it and even their representative’s contact information. Instrument Images are available for purchase through the GeoWarehouse Store.
Insurance Claims Report
A fairly new addition to the GeoWarehouse Store is access to the HomeVerified Report. This report reveals insurance claims that have been made on the property being bought/sold. You can even look at insurance claims by a particular area. It also reveals if a property has ever been used as a grow-op. These are things that the eye cannot see and may or may not come up on a property inspection – this report eliminates any questions.
Now, the next time you are working on a deal and something comes up, like an unavailable survey or a title issue that requires more investigation, you are equipped with the information to know where you can go to get answers.
Find out more by visiting www.geowarehouse.ca.
*An official product of the Ontario government pursuant to provincial land registration statutes.