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What is a Real Property Report? Is it important?

As a home-owner, or prospective home-owner you have a lot of information to sort through. One item is the Real Property Report (RPR). It can also be called the Survey.

The Alberta Land Surveyors’ Association defines it as: “A Real Property Report is a legal document that clearly illustrates the location of significant visible improvements relative to property boundaries.” When you are purchasing or selling a home or bareland condo you need to understand what an RPR is and how it can affect the transaction.

Basically, its a report on the location of any structures, decks, sheds, and land locations of your property. Once the report is completed by a survey company, it is sent to the city or county to make sure all of the information complies with their regulations. A current RPR is normally required in most cases for the sale of a home.

When you are looking to purchase or sell a home it’s important to talk to your REALTOR® early about the RPR, so you get advice on how to handle the situation and who to consult with further, to ensure a smooth purchase or sale. We have the experience to handle issues like the RPR.

You can find out more from the brochure at the Alberta Land Surveyors’ Association website at:

http://www.alsa.ab.ca/Portals/0/PDF/Public/Real_Property_Reports/ALSA_RPR_Brochure.pdf

 

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