The iVerify Comprehensive Report contains information about insurance claims about a property. Therefore the consent of the current
homeowner or its representative (Lawyer or listing agent) is needed to obtain this report. Note that the Basic Report does not require consent.
When you choose
to buy a Comprehensive report, we will ask you whether you have consent and ask you to sign off with a click that you have obtained it from the home owner or
legal representative(Lawyer or Listing agent).
Consent can be obtained in a number of different ways:
iVerify is happy to facilitate getting consent for you. Simply send us an email at firstname.lastname@example.org with the address you're looking at getting a report for and we'll do the leg work. In your email, it
always helps if we have your name and phone number as well as the reason that you are requesting consent (ie you are interested in purchasing the home). We will
use your contact information solely for contacting you unless you specifically give us permission to pass it along to the real estate agent.
Through a Listing Agent:
If you are looking at a property that is currently listed for sale, the listing agent is the fastest
and easiest way to get the required consent. They can easily check with the home owner and provide you with the required consent.
As a Condition of Sale:
iVerify has created a conditional clause that you can insert into your offer of purchase for a
particular property. You can download it here - once the offer is accepted, the clause comes into effect
and grants you consent.
Directly from the Homeowner:
If you want to contact the homeowner directly, you can ask them to sign off on the manual
consent document. This document is available : here
If you cannot get consent, do not despair! The iVerify Basic Report is packed with valuable information about the property and does not require
What Your Real Estate Agent Won't Tell You
Homebuyers are often lulled into a false sense of security by the professionals surrounding the
purchase of a home. Unfortunately, what many buyers don’t realise is that the deck is absolutely stacked against them, and in favour of the seller. When you’re buying a
home, there are only two people who truly care that one of the largest investments of your life is a good one - you and the risk officer at the bank.
IVerify’s goal is to support you, the buyer, by providing you information your real estate agent doesn't feel you need know.
There are many professionals involved in a real estate transaction. A selling agent, a buyers agent, a home inspector, a mortgage agent and
lawyers. In every instance, these people are incentivized to ensure that the transaction goes through - even if there’s something wrong with the property.
Real Estate Agents: Agents, even buyer’s agents, are paid by the seller. More importantly, they only get paid if the home transaction goes through. Agents are typically not bad people, but each home sale is a relatively large part of their income. Agents
need to sell more than 2 homes a month in order to make a decent living. Losing one, or even slowing down a sale on one, can be significant in terms of getting enough sales in a year to make
their income. Agents might have done their research on a home, but there’s no way, apart from IVerify, for them to really see the true history of the home. Most agents also
believe that they will be protected if they do not disclose issues with a home by their insurance policies. Your agent may be great, and maybe even a close friend, but they are in a conflict of
interest with the buyer.
Home Inspectors: Just about every home inspector gets the majority of their
business from an agent’s referrals. Home Inspectors that tend to convince buyers that a property is in poor repair and should not be purchased also tend not to get those referrals
anymore. As such, most home inspectors will gloss over potentially serious problems with a home in order to ensure that the sale goes through. In order to protect themselves, smart
homebuyers use impartial independent inspectors who support their inspections with IVerify reports, such as Mike
Mortgage Agents & Brokers: Mortgage agents and brokers both
within the lender and independants, make their money on a commission basis. They are strongly incented to ensure that the mortgage is sold, which means that they need to ensure that the sale
happens. Somewhere, deep within the bank, there is someone who is mandated to ensure that the bank is not taking too much risk with your mortgage, but their perception of risk and yours, as
the person living in the home, can be very different.
Lawyers: The lawyers involved in a real estate
transaction are also only paid when the deal goes through. Most only want to deal with a transaction when it is essentially complete - they see their job as ensuring that the t’s are
crossed and the i’s are dotted. They are also generally referred by the real estate agents and would prefer not to have that referral business dry up. The advice that they give
is good but they will typically not stray beyond the core business at hand in terms of completing the sale. They also have strong insurance policies, like title insurance that ensure that
should something happen in the deal, it can be covered and removes the need to perform certain levels of diligence.
It’s really lonely being a homebuyer and you need to be absolutely diligent in looking out for your own best interests. Getting a strong, independent home inspector
like Mike Holmes Inspections and the IVerify report is critical to ensuring that your investment is a good one. But don’t just take our word for it, have a look at the following news
reports and articles to ensure that you’re fully protected: