Real Property Reports
Posted by Liv Real Estate on
A lot of people don’t know about the importance of Real Property Reports (RPRs) when buying or selling a home and often ask us about the benefits of having an RPR or Title Insurance. So let’s set the record straight right off the bat: An RPR with compliance is generally better than Title Insurance alone, but it’s not an ideal solution in every real estate transaction.
What is an RPR?
An RPR is basically a survey or a drawing of a property that shows the location of all of the improvements such as the house, garage, deck, fence, hot tub and so on. It also includes information about utility right-of-ways, easements and overhangs.
What is an RPR with compliance?
Most municipalities will issue a compliance stamp or certification when an RPR is…
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