Wednesday 31 October 2018

What is a Real Property Report?

An RPR is something you need to be familiar with when you buy or sell a house. Known now as a Real Property Report it is what used to be called a “survey”. This shows where your house sits in relation to the land that you own. In some cases, a Real Property Report also shows fences, driveways, decks, garages, and sheds. This is important for you to know and the bank generally requires that you have a current RPR or else “title insurance”. You want to make sure that there is nothing encroaching on your property and that your boundaries are determined.
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