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.

 

 

Parcel Register                                         

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 Image

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.

HomeVerified

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.

Survey

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.

Attn. Realtors®: 3 Real Estate Tools That You Need to Know About

As a Realtor® you know that the more information you have on your listing, or properties that you are presenting to prospective buyers, the better. More knowledge enables you to close deals faster. It provides your clients with security knowing that they have made the right decision in choosing you. This is why the real estate tools that you use, such as GeoWarehouse, are so important.

There are 3 real estate products available through the GeoWarehouse Store that are great for researching or finding out more about a property.

1.      Aerial Imagery

o   Accessing aerial imagery of a property and surrounding property is an excellent tool when representing a buyer or seller. When representing a seller it can be used to highlight parks, amenities and other features around the property. This is especially helpful, in inclement weather (winter for example) where it can be used to highlight features about a property that are otherwise difficult to view.

o   When representing a buyer it can be used to identify positive and negative attributes about a potential property. Aerial imagery can reveal structures and their proximity to the subject property, such as railways, highways, parklands and a host of other valuable information. Presenting your clients with aerial imagery when considering a property provides them with more information; this helps them to make a more informed decision while enhancing your service.

2.      MPAC Assessment Data

MPAC assessment data enables you to access information about a particular property, such as the municipal property address, with ease. This is invaluable especially when you are working on a deal where there is missing information. This data can be accessed through GeoWarehouse in the GeoWarehouse Store.

o   The Level 1 Residential Detailed Report and Level 2 Residential Detailed Report both validate: property address, municipality, 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, garage spaces and more…

o   The AVM Basic Residential Report, AVM Enhanced Residential Report and AVM Comparable Report all provide an automated estimated value of a subject property.

3.      Plan Images

Plan images, such as reference plans, subdivision plans and condominium plans, can be obtained in GeoWarehouse through the GeoWarehouse Store. Plan images can be used to quickly view a graphical representation of a property’s boundaries and location.

Using these 3 real estate products you can quickly identify and access missing information, see more when researching or investigating a property, validate information provided to you by a client or by another agent and more... When you meet with your clients you will be armed with all of the information necessary to help them achieve their goal.

For more information about aerial imagery, MPAC Assessment Reports, plan images and/or GeoWarehouse please visit www.geowarehouse.ca or call 1-866-237-5937.

Access MPAC Assessment Reports to Find the "Year Built" of Your Subject Property

 

REALTORS® in Ontario who use GeoWarehouse can find the year a home was built by accessing the MPAC Assessment Reports. There are three GeoWarehouse reports which provide the YEAR BUILT from MPAC Assessment information;

- GeoWarehouse Residential Report Level 1
- GeoWarehouse Residential Report Level 2
- GeoWarehouse AVM enhanced Residential Report

If you are a GeoWarehouse customer you can purchase MPAC Assessment Reports in the GeoWarehouse store.

Not a GeoWarehouse customer yet? If you would like more information about subscribing to GeoWarehouse or if you would like to learn more about MPAC Assessment Reports please visit http://www.geowarehouse.ca/marketing/