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Archive for October, 2014

enhanced sales report 1If you are a GeoWarehouse customer, then you know that there are different searches and reports available on GeoWarehouse that are used for different reasons. If looking for property details information like the address, legal description, sales history, etc. you can generate a Property Details Report. If you want to view comparable sales in a particular area you can generate a Neighbourhood Sales Report. If you are looking for information about who lives in a particular area and amenities you can request a Neighbourhood Demographics Report. 

So what if you need information on all of the above? The answer is the Enhanced Sales Report. This report gives you the best of all worlds. Real estate sales professionals use the Enhanced Sales Report as a tool when investigating/performing due diligence on a deal, in meetings with clients and as a valuable marketing tool in open houses. 

You can view a sample report here http://cdn.geowarehouse.ca/marketing/downloads/EnhancedSalesReport-SAMPLE.pdf

Already a GeoWarehouse customer and looking for training on how to generate an Enhanced Sales Report? Watch our flashback training video:

Get everything you need, all in one place, with the Enhanced Sales Report. Visit www.geowarehouse.ca today.

 

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October 20, 2014

We have to preface this by saying that GeoWarehouse and ViMO are not one and the same. ViMO is not the app version of GeoWarehouse. Both offer completely different capabilities and are used different ways – however using ViMO, you can perform some of the same capabilities you do on GeoWarehouse.

Here is a fun little table to help you understand some of the differences and nuances:

Geowarehouse

These don’t fully describe all the capabilities that GeoWarehouse and ViMO offer but are somewhat of a summary. GeoWarehouse is a property search tool that supports your due diligence and ViMO is a tool to enhance your presentations and client experience while on the go. Both make you more agile and efficient. Used together GeoWarehouse and ViMO are the best toolset available on the market today for real estate sales professionals.

The beauty of mobile technology enables us to do so much more on the go. Now you have the opportunity to compliment what you have with GeoWarehouse by adding to the ViMO mobile app to your arsenal!

For more info about GW visit www.geowarehouse.ca

For more info about ViMO visit www.myvimo.ca

*An official product of the Ontario government pursuant to provincial land registration statutes.

 

 

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October 14, 2014

Online Real Estate FormsReal estate forms can finally be signed electronically – a very important change for real estate professionals! This can mean so must time and cost savings-but do you know what forms can actually be signed electronically? We’ve got a game to help you find out!

The following crossword puzzle highlights online real estate forms, many of which you can create and sign electronically in ViMO. Good luck! Check it out here: http://justcrosswords.com/Real_Estate_Forms_custom35293.html.

Want more information about signing real estate forms electronically? Call GeoWarehouse today at 1-866-237-5937.

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Legal Property OwnerIn real estate, you count on your clients to be forthcoming with information, but this doesn’t always end up being the reality of things.

It seems that there are three different groups of people where non-disclosure is concerned:

  • Those who innocently omit information because they forgot or didn’t think it was relevant. This can often occur when there is a parent or sibling on title, where the client is managing the transaction. This could be in the cases of spouses where one is acting with the consent of the other so didn’t think that they had to disclose the other person. The list can go on and on where innocent omissions are concerned.
  • Then you have those who are scheming for one reason or another. This can be the case in situations of separation and divorce or even where a dispute is taking place.
  • Finally you have the group that are out to commit outright real estate fraud.

Generally speaking you are most likely to run into the first group, less likely to encounter the second group and hopefully, even less likely to encounter the last group. What is true of all 3 groups though is that a little bit of due diligence goes a long way with respect to taking on a new client – whether the client is a buyer or seller.

Even if you meet with a potential customer, they impress you in an interview and you have little to no suspicion to believe that they have failed to disclose information – you still should do your due diligence! These days it is difficult to simply count on documents provided by your client validating that they are the owner.

It is always advantageous to verify preliminary information first.

  • Interview the client: If a seller, directly ask if there is anyone else on title. When the client signs off on the agreement for you to represent them, take a copy of their ID at that point (rather than waiting until an offer has taken place).
  • After signing up with your client – perform your own search online to confirm that your client is the rightful property owner and that there are no other undisclosed parties on title.
  • Listing your client’s house for sale – now that you have performed your own search, you can feel confident with the information you are representing on your listing.
  • If another owner comes up, simply ask your client again. Once you know for a fact they will have to explain why. More often than not you will find out it was an innocent omission and the other party on title will sign your agreement.
  • If representing a buyer: once you have found a property that your client is interested in making an offer on, you can run a search to confirm the name of the seller(s)/current owner(s) and also any mortgages registered on title. This will help you to better understand the positioning of the seller. 

Instead of making assumptions based on what the client or worse, another real estate sales professional, tells you, find out the information yourself. This will lead to more efficiency and cleaner closings.

Assuming can often lead to problems, so make sure that you are protecting yourself and your client. Find out more at www.geowarehouse.ca or call 1-866-237-5937.

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