How O&E Reports Can Help at a Listing Appointment

What is an O&E report?

Walking into a listing appointment armed with knowledge can set you apart from the competition and instill confidence in potential sellers. One invaluable tool that can provide you with a significant edge is an Ownership & Encumbrance (O&E) Report. 

An O&E report is a snapshot of a property’s legal description, the owners, and any encumbrances that may affect it.O&E Reports are an affordable and accessible resource, costing just $5.00. There is an additional fee if you want to add Covenants, Conditions, and Restrictions (CC&Rs) or Plat Maps. Plus, it is easy to order via phone or email from Land Title.

How O&E Reports Benefit You at Listing Appointments

Before a listing appointment with a potential client, an O&E report can help verify encumbrances and potential equity, and confirm property titling and tenancy (e.g., Joint Tenancy, Tenants in Common). Additionally, if any adverse situations such as tax liens, judgments, or mechanic liens need to be addressed, you can be equipped with solutions and resources to help. This demonstrates that you are a proactive expert by identifying potential issues early and demonstrating thoroughness to sellers.

O&E reports can also help provide a list of any deeded elements, such as parking spaces. This can save potential buyers money and also be a selling point for the property owner.

Ask your Sales representative or Closer for more information.