As an official document it can be relied by the buyer, the seller, the lender and the municipality as an accurate representation of the property, including improvements.
Notes and benefits
The importance of the document is that it is a representation of the actual state of a property for your reference (if you are a buyer or a lender). It carries with it the comprehensive report of the surveyor regarding its actual physical status and other important details.
For financial use (lending, selling, taxation, etc.) the report also features its tax history, a list of possible liens on the owner and the house, information on the mortgages sand their history and more details.
Ownership history
If you are considering renting or buying the property, knowing the history of the owners is important. Your knowledge of the legal ownership of the property can greatly help in avoiding landlord scams, and knowing whether or not someone has the right to sell the property or rent it out.
For your own peace of mind as well as advanced protection, you need to find out more than just the names of the previous owners, who they really were, what they did and how the property was used before.
Learning the reasons why the previous owners sold or moved out of the property can give you insights on the value of the property and the quality of life in the neighborhood.
Basic information report
The information contained in the report had been abridged from public real estate records. It is comprised of essentials relating to property ownership and property characteristics, although not as comprehensive as the detailed property report Brisbane.
The reason on the basic property report is to provide an instant online access to the most affordable real property information. The types of properties covered include residential, commercial, industrial, agricultural, land, and all other available types of real estate properties.
Contents
The contents of the basic property report include the ownership of the property, the location of the property, the many characteristics of the property, information on the site, the last owner transfer and the last market sales data.
Most property ownership information is sufficient to obtain the current property owner’s name (whether individual or business) and the mailing address. The location provides the full property address.
The property characteristics include the year it was built, living area, and various other fundamental property details. The site information provides the land use, lot area, and site description.
The land owner transfer provides the data related exclusively to the last ownership transaction. The last market sale information has the last sale and recording dates, including the price, seller name, deed type, and document numbers. Indeed, there is a recorded wealth of information inside a property report Brisbane.
