Selling a house can be overwhelming, and among all the things you need to consider, getting a Real Property Report (RPR) doesn’t seem to be on top of the priority list. But it’s vital to get an RPR to protect you and the buyer from any legal issues or liabilities down the road.
What is an RPR?
A Real Property Report (RPR) is a legal document that outlines the boundary lines and other important information related to a property. Usually, it shows the location of all property boundaries, the location of any structures on the property, and any above or underground utilities.
Why You Need an RPR When Selling Your House
Firstly, having an RPR will protect you from any legal issues that might arise with the buyer. Imagine you sell your house, and years later, the new owner discovers that a neighbour’s fence is crossing onto their property. If you don’t have an RPR, proving the discrepancy and protecting yourself from any legal consequences would be challenging. However, an RPR shows the exact location of the property boundaries and can be the difference between a simple dispute or an ongoing legal battle.
Another benefit of getting an RPR is that it helps you avoid any surprise costs. Sometimes things aren’t quite as they seem, and there could be unexpected things lurking beneath the surface. For example, you may find that an underground utility runs through your property and must be relocated. Without an RPR, you may not have known about the utility and could be responsible for the relocation costs. With an RPR, however, you can be aware of any potential costs and prepare for them.
Moreover, having an RPR can speed up the selling process. When a buyer knows that you have an RPR, it shows that you’re a proactive seller, and they will feel more comfortable making an offer. It may also help smooth out any difficulties with negotiations, as there’s a clear record of all structures and boundary lines on the property.
What Does an RPR Include?
An RPR is usually done by a surveyor and involves measuring, mapping, and outlining your property. The report includes the location of all property boundaries, structures on the property, and any above or underground utilities. The RPR also includes a surveyor’s certificate and City compliance.
Getting an RPR when selling your house is essential to protect you from any legal issues that could arise down the road. It also helps you avoid any surprise costs and speeds up the selling process by showing a proactive approach to dealing with the property. An RPR provides a clear record of all structures and boundary lines and is a small investment that can save you significant time and money in the long run. So, when you’re selling your house, make sure to get an RPR to ensure a smooth and stress-free selling process.
Getting an RPR when selling your house is more than just a box to check—it’s a proactive step that protects you from potential legal issues, unexpected costs, and delays in the selling process. By providing a clear and accurate record of your property, an RPR gives both you and the buyer peace of mind, making the entire transaction smoother and more transparent.
If you’re preparing to sell your home, consider reaching out to a trusted surveyor or real estate professional to guide you through the RPR process. It’s a small investment that can make a big difference in ensuring a hassle-free sale. Ready to get started? Take the first step today and set yourself up for a successful home-selling journey.
