Public record data is a valuable source of real estate information that provides insights into property ownership, transaction history, and other critical details. Privy integrates public record data to supplement MLS and off-market listings, helping you analyze deals and make informed investment decisions.
What is Public Record Data?
Public record data refers to property-related information that is collected and maintained by local government agencies, such as county assessor’s offices, tax departments, and recorder of deeds. This data is available to the public and serves as a foundational resource for understanding property details and history.
What Information Does Public Record Data Include?
Public record data typically provides the following property details:
Ownership Information: Current and past property owners.
Sales History: Recorded property transactions, including dates and amounts.
Tax Information: Assessed property taxes, tax history, and delinquent payments.
Property Characteristics: Lot size, square footage, year built, number of bedrooms/bathrooms, and more.
Mortgage Information: Loan details, including mortgage amount and lender name.
Foreclosure Details: Notices of default, auction dates, and bank-owned property status.
How Public Record Data is Used in Privy
Privy incorporates public record data to provide a more comprehensive view of properties, even in markets where MLS data may not be available. Here’s how it benefits users:
Property Ownership Verification
Confirm current ownership details and identify absentee or distressed property owners for off-market opportunities.
Transaction and Sales History
Analyze sales trends and historical data to validate property values and assess investment potential.
Off-Market Property Insights
Access key information for off-market properties not listed on the MLS, such as ownership status and tax details.
Supplementing MLS Data
Fill in the gaps where MLS data is limited or unavailable, ensuring you have the details needed to make informed decisions.
Foreclosure and Mortgage Information
Identify pre-foreclosures, distressed properties, and potential short sales for investor opportunities.
Why Public Record Data Matters
Public record data provides a reliable, objective foundation for analyzing real estate opportunities. It helps real estate professionals and investors:
Validate property values and sales prices.
Identify off-market and distressed property opportunities.
Build a complete understanding of a property’s history.
Research ownership and tax status to approach property owners directly.