Archive for the 'Property Search' Category

2019 is right around the corner. A new year means a new approach — especially for property searches.

We’ve written about how the Canadian real estate market is in a state of flux. And that’s likely to continue in 2019. This means you need to evaluate the methods you’re using in your real estate business and look for a better way of working.

If the last time you reviewed your property search technique was when interest rates were still 0.5%, read on.

Tip #1: Be Non-Traditional

Traditional housing styles, like single-family detached homes, are still popular, but there are many non-traditional dwelling types rising in the ranks.

Condos, row houses, multi-family living, and the like are becoming the new norm, especially in larger areas.

Consider shifting your sales focus to include dwelling types you may not have thought about before.

Tip #2: Think Outside of the Box… or the City

Large cities like Toronto and Vancouver are still popular but are also some of the least affordable areas of the country. More and more people are opting to live further away and commute in for work… or potentially not commute at all if they have the option of working remotely.

Some people are leaving the GTA for homes in Niagara Falls, for instance. This may seem like a long trek, but if you only have to be in the office one or two days a week (or less) it may be worth it.

Don’t be afraid to consider properties outside of your normal selling area and tell clients about opportunities they might not even have thought about.

Tip #3: The More, the Merrier

Another trend that’s been blowing up in 2018: friends buying homes together and multi-generational living.

As homeownership becomes more expensive, some buyers are choosing to go in on real estate together rather than continuing to rent. This is happening across generations, from younger women buying a house together, to widows moving in together and hiring help rather than moving to an assisted care facility.

Check out this story about these modern day Golden Girls: https://www.theloop.ca/watch/entertainment/fun/meet-the-real-life-canadian-golden-girls/5850964297001/5850860215001/the-social/.

If a buyer is not finding anything in their price range, consider suggesting some outside-of-the-box living arrangements.

Tip #4: Use Demographics

A savvy property searcher doesn’t only look for dwellings that are already on the market. They put them on the market themselves.

While it’s ideal when a client approaches you for help selling their home, you can also source homes to sell by using demographic reports. For instance, if you search in your selling area for neighbourhoods populated by older couples with no children, you might identify properties where homeowners are looking to downsize.

If you find a neighbourhood popular with millennials, they may be considering starting a family soon and looking for more space.

Demographics can tell you a lot about potential clients and help you discover leads before they are even on the market.

Tip #5: Get Social

Networking has always been one of the most important parts of a real estate professional’s job, and social media has made that easier than ever.

Join neighbourhood groups, participate in discussions, and look for connections online. If you don’t have a social media presence already, start one. If you do have one, consider how you could be making better use of it.

Social networking can help you find new leads and clients before they come to you. See a friend or neighbour who is thinking about starting a new business? Message them to chat about commercial space opportunities.

Have an acquaintance welcoming a baby? You might consider sending a gift basket and asking if they are considering looking for more space.

Tip #6: Review the Tools You’re Using

Are you using the most accurate, up-to-date property search technology available? It may be time to reassess the tools that you’re using for your searches.

For instance, GeoWarehouse’s property data comes from the Province of Ontario Land Registration Information System (POLARIS). The information you receive is the most accurate you’ll find. Plus, it’s updated in real time, so you can trust that you’re receiving the latest numbers.

If you’re serious about upgrading your property search techniques, consider switching to GeoWarehouse!

Want to learn more about our tools? Call 1-866-237-5937 or visit www.geowarehouse.ca.

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Collection agencies, law enforcement, private investigators, and more will benefit greatly from our FREE new eBook, How to Locate Property and Assets and Investigate Equity.

This eBook is perfect for anyone who relies on property-related data to search for people, locate assets, or assess available equity.

In this eBook, you’ll learn:

  • What type of property-related data is the most relevant to your investigations.
  • How to search for specific information.
  • The criteria you need to use to evaluate property search tools.

You’ll come out of it with a clear understanding to how locate property/assets, evaluate home equity, and uncover your subject’s financial history and financial standing.

This eBook is available today for free. Just click here to get started downloading.

GeoWarehouse is your source for property-related data searches and more. We source our data from the Province of Ontario Land Registry Information System, meaning that all of our property data is accurate, up-to-date, and available when you need it.

Learn more about how you can access our investigative property tools. Contact Philip Share by calling 416-643-1028 or email philip.share@teranet.ca.

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September 18, 2017

Without a doubt, a Parcel Register* is many things, but it’s not a title search. It’s part of a title search and is one of the most informative and accurate information snapshots of registrations that exist against a property.

A Parcel Register* is a record containing the property’s description and list of instruments registered against a property within the Land Registration System of Ontario as of the date of the property search. That’s a real-time, up-to date-report. The Parcel Register* includes:

  • A property’s PIN (Property Identification Number)
  • A legal description of the property
  • Who the legal homeowners are, the type of ownership and percentage
  • Easements
  • A history of property transfers, transferees/transferors, dates and amounts
  • A history of registered mortgages
  • A history of registered liens
  • And so much more.

Did you know that the Parcel Register* is the fastest, most accurate way to find out if there is enough equity to pay you? That’s an important factor in every real estate transaction, don’t you think?

Are there other people on title to a property not disclosed to you? Are there challenges with equity or surprise information you and your client may not have known? Obtaining a Parcel Register* can help answer these questions.

Also, if you want to know if there are any registered mortgages against a property, a Parcel Register* can tell you the lender, registration date, amount and value. Want to know if there are any registered liens? With a Parcel Register*, you can find out and get information on the registration date, amounts and the individual or company who registered it.

This is powerful information for a real estate sales professional when trying to get the maximum amount of research available to help make informed real estate transactions. You can use it at any stage in the process – from listing to buying – but when your intuition suggests some more investigation, a Parcel Register* can help you make an informed deal.

When you simply want to confirm something, a full property title search isn’t required. With a Parcel Register*, you can get the right information required without doing a full property title search.

To learn more about how a Parcel Register* can benefit you, or want to find out how to order one, visit www.geowarehouse.ca today.

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

 

 

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September 11, 2017

A good property search is key to a successful real estate transaction. To ensure the smoothest process possible, you need to know details about the property, everything from existing liens to costly potential repairs. You need to have access to mapping and research tools to better know the property and surrounding area. You need demographics, legal descriptions and more.

If you take the time and effort needed to do a thorough property search, you can’t help but succeed.

Knowing some of the rookie mistakes that real estate sales professionals make in researching potential properties will help you avoid them.

Here are four common mistakes new real estate professionals make that could stand between you and a successful real estate career:

  1. Not checking homeowner data against the engagement.
  2. Not checking registered mortgages to ensure that there is enough equity to cover commissions.
  3. Not knowing enough about a particular area and thus having to go away and do extra research.
  4. Not having an efficient mobile office to be able to do as much as possible on the go.

It is helpful to have a checklist of information that you can verify on each and every deal. Begin with your preliminary searches that you perform on each deal, and where something seems off – dig deeper. For example, if you run a preliminary property report that shows three mortgages on title, you may want to go that extra step to check for liens. Make sure that you are well equipped when attending open houses with your clients, or when meeting with them to discuss property value.

This is where the tools you use are critical. For example, you can perform a preliminary search in GeoWarehouse and, if needed, order a secondary search in the store with a Parcel Register*. A Parcel Register* provides deeper insights into registrations on a property including exposing liens. Other tools, such as neighbourhood demographics, give you valuable insight and allow you to answer some of the pressing questions clients may have about a particular area of interest. Being able to accomplish as much of this as possible while at a meeting also helps to present you in a professional light.

Avoid rookie research mistakes with GeoWarehouse. Not a customer yet, or just want to find out more about the many reports available? Visit www.geowarehouse.ca today!

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

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A property search is an important source of information to help conduct successful real estate transactions. It is a real estate sales professional’s job to research to the best of their ability to help their clients make the best decision possible.

Buying or selling property is a major life event for most homeowners. They are counting on you to make it happen quickly, efficiently and, most importantly, to their advantage. To be proactive, it’s vital to be properly informed about a property in the early stages of the transaction process. Time is money, so it’s important to look at ways to quickly get your customers answers to the things that are likely on their mind. Are you a mind reader? No, but there are common questions that can be answered before the client even gets a chance to ask…

Here are eight questions clients may or may not ask their real estate sales professional that can be answered with a property search:

  1. What is the home actually worth?
  2. Have there been recent comparable home sales in the immediate area?
  3. What is the neighbourhood profile? Having access to good demographic data enables you to answer your client’s questions about a given area or community.
  4. Are there any encumbrances on the property? Encumbrances may include liens, deed restrictions, easements, encroachments and licenses.
  5. Are there any surveys of the property? Surveys show property boundaries and the location of all buildings and structures in relation to boundaries.
  6. What permits are required for building or renovating? Buyers may choose a property based on whether they can alter the building or build something new.
  7. Are there any liens or other obstructions to a seamless transaction?
  8. What are the zoning, planning or other approvals for the property? This is especially important for buyers acquiring property for new development.

If you want an accurate and current property search, GeoWarehouse subscribers can not only get a variety of customizable searches, subscribers can create customized property detail, neighbourhood sales and demographic reports too! Plus, get access to exterior, aerial and bird’s eye view images of properties and so much more.

Not a GeoWarehouse subscriber yet?

Visit www.geowarehouse.ca today to learn more about this fantastic real estate resource.

 

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July 4, 2017

Real estate sales professionals are constantly up against big competition with DIY homeowners trying to sell their homes themselves. The internet has made it much easier for homeowners to enter the real estate game without the aid of a real estate professional (whether this is a good idea or not).

What consumers don’t realize is that real estate professionals offer key advantages when it comes to selling and buying a home, advantages which make hiring a professional like you the better choice vs trying to go it alone.

One key advantage for customers dealing with a real estate sales professional is the professional’s ability to utilize tools to easily access information the homeowner may not be able to, such as a property search. As a real estate professional, you have access to market information, property information resources and other valuable real estate reports that the average homeowner may not be able to find online, but that you can access through professional tools online. The information in a property search – when reviewed and analyzed by a real estate professional – provides value to the homeowner, including information on who owns a home, if there are any registered mortgages, estimated property value, aerial imagery and so much more.

It’s simple math: the more research you do, the better you can inform your client.

Here are five questions a property search can help answer:

  1. Are there any encumbrances on the property the buyer should be aware of?
  2. Where is the property located? Can you provide a neighbourhood report, listing local hospitals, schools and other pertinent amenities?
  3. Does the property have a history of repairs and renovations?
  4. What permits are required for building or renovating?
  5. Is there anything that may hinder a potential sale?

In real estate transactions, it is critical to verify material information about a property through due diligence – we all know this. With a thorough property search, real estate sales professionals can take reasonable steps to determine and disclose any material information to their clients.

Researching market trends provides you with a better overall understanding of what housing values are in a particular neighbourhood, city or region, from week to week. This allows you to estimate a property’s value before spending resources to dive deeper, and better determine if it’s in the range you were thinking. Instead of always pulling MLS comparables, you can save time by establishing a high-level overview of a particular area.

How deep you dive is really up to you. Start with a property search and then dive even deeper by obtaining a Parcel Register*. The Parcel Register* – which is not a title search, but part of the process – contains valuable information. It’s a snapshot of vital property-related information, such as the property’s legal description, legal homeowners, property transfer history, liens and more.

Having access to the wealth of data available through Parcel Registers* means you can dig deeper when you do a property search, which makes you a more informed real estate professional. Every piece of information that can increase the value of the transaction benefits not only you and your client, but everyone who comes after you in the real estate process. Better research benefits everyone.

Go the distance for your clients by leveraging GeoWarehouse. Visit www.geowarehouse.ca today to learn more about this incredible real estate tool.

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

 

 

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In this week’s edition of training time we help you to quickly access all the information you need in order to be able to quickly perform a search using the map in the NEW GeoWarehouse. The NEW GeoWarehouse includes enhanced capabilities, making performing a search that much easier. It’s so easy that you may not even need this training content, but we are covering it anyways!

Here are some resources you can take advantage of:

  1. Not yet a GeoWarehouse customer yet? Find out more about this amazing tool by visiting www.geowarehouse.ca.

     

 

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There are many ways that you can perform a property search in the NEW GeoWarehouse one of which being using the Map. The map makes search easy because you can find and access property information with just a few clicks of the mouse. This quick video runs through how to make the most of a Map Search in the NEW GeoWarehouse. Not yet using GeoWarehouse? Visit www.geowarehouse.ca to see how GeoWarehouse makes performing property related research a snap!

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The NEW GeoWarehouse provides you with superior mapping and search capabilities to help you find the property of interest in no time!

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geo2Have you heard the buzz about the new GeoWarehouse? The buzz is with merit because GeoWarehouse has been redesigned to bring you a new and improved customer experience!

A major change is the new enhanced mapping and search capabilities. A new ‘Single Search Bar’ makes it easy to perform a search by address, name, PIN or ARN that also includes recent search activity! You receive real time suggestions as you type your search criteria into the new Single Search Bar. Faster, easier searching – that’s what we’re talking about.

Now, we mentioned property search capabilities on overdrive and we meant it. Do you like searching using the map? New improved map search means that you can perform a ‘Single Click Map Search’, receive quick links to the property report and check out full screen street view. You can use the new location detection feature to quickly find other properties near you.

These changes have been made to make performing searches that much easier. If you are interested in participating in the beta of the new GeoWarehouse visit http://www.gwcollaboration.geowarehouse.ca/.

 

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