A while back, we answered some basic questions about Real Property Reports in Calgary. Like many services in Calgary, the cost of an RPR has risen for 2014 but the fact remains - an updated real property report with compliance is as important as ever to facilitate a successful real estate transaction.
What is a RPR Real Property Report?
In Calgary, a real property report with City of Calgary compliance is an important document that is generally required to be supplied by the seller of a house or bare land condo before title transfer (and payment) takes place.
A real property report is a survey of the land that shows improvements (all buildings, fences, patios etc) as well as boundaries and compliance with municipal requirements. Once completed by an Alberta Land Surveyor, the real property report must be reviewed and endorsed by the municipality.
Sellers are encouraged to have one done as early as possible - when you first consider selling your home - so that they have the opportunity to remedy any problems that may arise from the report. If, for example, a fence is found to be in the wrong location it is often easier and less expensive to move the fence that apply and pay for an encroachment agreement.
How much does a real property report cost?
Prices can vary widely, depending on the surveyor and size of property. A basic Real Property Report starts at approximately $550 and will cost more for estate-sized homes and larger lots. An RPR generally takes about 2 weeks to complete, although most companies offer a 7 day "rush" for an extra $200.
Once in your hands, you must get the blue compliance stamp! For 2014, the City of Calgary charges $158 for a compliance stamp (it was $143 in 2012). Most survey companies will get the compliance for you (and charge you a courier fee of $50-$100) or you can visit the City of Calgary Development and Building unit on the 3rd floor at City Hall and get it done in person.