If you sell you will need a Real Property Report (RPR)
If you are selling your home one of the first things you need to consider is whether you have an updated Real Property Report. RPR’s with evidence of municipal compliance have been utilized in home closings to verify that seller’s warranties respecting building location are true. If you have an existing RPR, then it should be carefully reviewed and compared to the current state of improvements on the property. If structures such as decks or fences were added since the RPR was prepared, a determination should be made as to whether an update is required. It is always advisable to get the RPR question handled before you decide to sell or at the very beginning of the process. If a new RPR is required, this takes time and will allow the seller to discover, and hopefully remedy building location problems prior to closing day. Being proactive is the best advice on this.
