Public property records can be a helpful asset when it comes to home buying. It can help consumers to determine how much they should bid on a home what expenses, such as taxes, may come along with owning that home.
In addition to aiding individuals in determining how much they should spend on a home, it may also help them to identify potential bumps in the road by providing information on past permits, liens, mortgage information, neighborhood data and other issues.
It is essential that buyers and their representatives gather such information prior to going into negotiations as the information garnered from a search of public property records can have a substantial impact on the closing process.
Typically, real estate professionals, mortgage lenders and homebuyers will need to consult various resources in order to get the information they need.
County courthouses and will have much of the needed information on area properties. City and town offices will have a record of any construction permits pulled out for a home. This may give insight into what repairs have been made, how recent those upgrades are and what a home's reoccurring issues may be.
County courthouses will have records of any liens on a piece of property, as well as outstanding property taxes, which could both become a homeowner's responsibility after a purchase has gone through.
Previous sales prices on a home may also be found by conducting a live search of property records. Prospective property taxes may also be determined in this manner.
It may also be vital to find property deeds and possible encumbrances on a land. Because debt will attach itself to both the debtor and property, buyers need to ensure that a piece of real estate is free from encumbrances before they sign off on a purchase agreement. Possible encumbrances may include claims of ownership by other individuals or liens from mortgage companies or other lenders.
Additional information can be found online through various resources. For example, a buyer or real estate professional could comb through multiple service listings in the area to determine the median home price and property tax in a particular neighborhood.
Internet searches may also help individuals to determine the likely tax burden on a home and to compare market values with tax assessments.
While such public property record searches typically require individuals to gather and compare information from a variety of different sources, CRS Data's tools allow for quick, one-stop searching for the county records available. By gathering all relevant information in one space, it makes the buying process easier and quicker.
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CHARLIE HARPER - Sunmark Community Bank