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Archive for December, 2015

December 22, 2015

It’s that time of year again when families come together for the holidays and ring in the New Year. From the entire GeoWarehouse team at Teranet we wish you and your families all of the best this holiday season.

 

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geo1Power at your fingertips – if you’re a GeoWarehouse user, you’ve got it. However, many users don’t even realize the power that they can unlock through the GeoWarehouse Store. So much land registry data is available through Parcel Registers*, Instrument Images, surveys, MPAC Assessment reports and more.

For this week’s training time we are focusing on the images, reports and documents available in the GeoWarehouse Store and how you can access them.

Want to unlock the power and access land registry data but not a GeoWarehouse customer? Reach out to us to find out more. Visit www.geowarehouse.ca today.

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

 

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December 9, 2015

geo2So what is a Parcel Register* anyways? To some the words Parcel Register* don’t mean much at all. This is thanks to a very common misconception that a Parcel Register* is the same as a property title search. A property title search is the entire process that a real estate lawyer performs in order to validate that title is clear. The Parcel Register* is a part of this process.

The Parcel Register* contains valuable information and is the most current source of land titles data available in Ontario:

  • Property’s legal description
  • Property identification number (PIN number)
  • Who the legal homeowner is
  • The type and % of ownership

A history of registrations on the property – mortgages, transfers, liens, easements and more

  • Registration number
  • Registrant’s name/company name
  • Amount of registration

This information can be invaluable for a real estate sale professional – especially if further digging is in order on a deal. If you are concerned there may be other people on title to a property or that there could be a lien, a Parcel Register* may be in order. You may even have a client who discloses a lien and when that happens you surely want to validate it as well as the amount.

Sometimes the Parcel Register* will come up clear and other times reveal surprises. So, what happens when your Parcel Register* turns up a lien for example, one that you and your client were unaware of? The next step would be to gather more details.

The Parcel Register* will give you the name and registered amount of the lien, and if your client doesn’t have the contact information, you can use the registration number in the Parcel Register* to view the Instrument Image of the lien (an Instrument Image is a PDF of the actual electronic document used to register the lien).

This Instrument Image will include all contact information for any registrant of any item associated to a registration number on a Parcel item – whether a lien, charge, transfer or easement. This will empower you and your client to get to the bottom of whatever the challenge is as it relates to the property title.

A Parcel Register* really is in order on any deal if you want to 100% vet every single client. With that said, some real estate professionals use them at different stages in the listing/buying process. In this instance, a Parcel Register is in order when something feels off on a deal.

Want to know more about how a Parcel Register* can help you dig deeper, or want to order one? Parcel Registers, as well as Instrument Images and many other documents, are available online through the GeoWarehouse Store!

Visit www.geowarehouse.ca today.

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

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geo2It is no secret that the real estate market booms in the spring. The sun, nice weather, flowers blooming… Unfortunately this only represents a few month of the year. As long as spring is, so too is winter. Cold, snow and slush mean naturally many will choose to wait for spring.

We can change that and make sales boom to spring levels by dangling some carrots outside of your bunny’s hole. Currently, when you plan to take a client out on the road you likely have performed a MLS listing search and have the listings and appointments you want to take your client to see. You then hit the road with your client.

Is the MLS listing search enough and can you really see a property sufficiently when it is covered in snow? Are you and your client going to slog around the sides and back of the home? Not likely. This may just be when your client decides to wait for spring!

To avoid this, you are going to need to attend your showing with more than just MLS listings after your MLS listing search. A really put together package for your client should include:

  • Information about the property’s sales history
  • Information about sales in the area
  • Information about demographics in the area
  • Comparable sales
  • Streetview imagery showing the property from the street
  • Aerial imagery showing the property from the sky
  • Pivotview imagery – pivoting around imagery to see things from different angles

A tool that generates this type of information should be able to facilitate the ability for your client to view the exterior of the property that they may not be able to see thanks to the snow. Aerial imagery can take things a step further because you are looking from the sky down – you can identify issues with adjacent structures, positive and negative things that are next to your property, etc. With Streetview imagery you can actually drop yourself on the street as though you were walking on the street.

Now, in many cases Streetview imagery will have captured a photo of the property and often this will not have been captured in the winter so you will be able to see more.

Some other tips about helping your client buy a home that includes outdoor attributes that matter to your client:

  • Pools – when was it built, what is the condition of the pump, what is their opening/closing procedure, is the pool or pump under warranty? These things matter because, in the winter, the pool will be under the snow and likely the pump disassembled. Also – ask for photos of the pool in the spring/summer.
  • Deck – when was the deck built? Is it under warranty?
  • Hot tub – the pump could be below a deck and difficult to get to in the winter even if you can get to the hot tub. Ask for maintenance records, proof of when it was purchased, and warranty information.
  • Structures ie. sheds. Is there anything in the shed? You want to know if you can’t access it. When was it built, materials used, etc.

Taking these steps helps to ensure your client doesn’t get a spring surprise and can comfortable buy a home in the winter, even if the exterior is covered in snow.

Don’t let winter blues disrupt your sales. Make use of the tools to determine what a home looks like all year round, not just when covered in snow.

GeoWarehouse has the tools – find out more at www.geowarehouse.ca.

 

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