Homes for Sale in Edmonton
AUDREY ABUAN - RE/MAX Real Estate REALTOR®
MOVE IN READY! Located between Clareview Campus and Hermitage Park, this 3 bedroom, 2 bathroom home sits on a huge piece of land, perfect for anyone in need of R.V. parking, wanting to build a triple garage or loves to garden. This open concept bi-level features modern grey laminate and ceramic flooring for easy house maintenance, two updated bathrooms, glass encased stairwell, a kitchen with a custom made breakfast bar and a dining nook. In the basement, there is a bright large second family room (newly renovated) with new windows, a second bathroom, the 3rd bedroom and a huge utility room with a newer furnace and hot water tank. Within a five minute commute is the family oriented River Hermitage Park, several great walking trails, Sobeys, Walmart, Tim Hortons, Bulk Barn, Canadian Superstore, EMSA North, Public Library, Indoor Swimming Pool and the fitness recreation center. NO CONDO FEES! view more on this home
Come by at check out our Open House or contact Audrey Abuan or Mike Muranetz for more details
If possible, it is still best to have a current Real Property Report with compliance when buying or selling a home to ensure all property buildings are within the municipality guidelines. If an RPR is not an option, title insurance is a good substitute.
Title insurance without a Real Property Report and compliance is acceptable by most major mortgage lenders and will often provide coverage for the lender for known defects. Unlike other insurance products, there is only one premium paid at the time of closing which provides coverage to the owner throughout their ownership of the property. It also offers a wide range of protection for issues that are not covered by an RPR and compliance.
If you are selling or buying a home and have been told that there is no compliance or you have a non-confirming property, Don't panic. Below is a list of benefits and drawbacks with a non-confirming property which will help you make a more informed decision.
Traditionally a Real Property Report (RPR) and compliance letter or stamp (or non-conformance, referred to throughout as simply compliance) has traditionally been the preferred method of providing security to a buyer. However, as some municipalities no longer offer compliance documents, the contractual requirements to provide a RPR with compliance documents are increasingly difficult for sellers to meet. It is important to ensure that you are aware of the alternatives, such as title insurance, and that the appropriate steps are taken to ensure that all parties involved are properly protected.
RPRs, compliance, and title insurance are all useful. On their own, each has its distinct benefits and both buyers and sellers are best served when all three are in place. However, this is often not practicable or possible. It is important for buyers and sellers to understand both the benefits and shortcomings of each one.