Local Records Office reviews the specifications of real estate assets. Local Records Office

LOS ANGELES - March 17, 2014 - PRLog -- Visit http://www.local-records-office.com/ for more details

Local Records Office reviews the specifications of real estate assets in an effort to provide clients with information regarding properties in which they are interested. The property profile reports that are generated by the professionals at this organization cover a wide span of detail pertaining to each address that is provided. Below is a breakdown of the different pieces of information that a property profile report will present.

Property Details

In the first section of the report, Local Records Office reviews the various specifications of the actual building. This includes information about the owner, such as the name, address, lot number, and legal description. Additionally, detail regarding the number of bedrooms, bathrooms, square feet, units, and stories, building style, year of construction, property type, lot size, and latitude and longitude is also offered, as well as specifics regarding zoning and building style.

The property detail section further describes the sales and loan information of the property in question. This facet of the report breaks down the most recent transfer date and value, as well as the lender (if there is one), the name of the seller, the document number, the title company, and the amount for which the loan was issued.

Following this portion of the report is information pertaining to property assessment and taxes. This particular subsection offers detail concerning: assessed value, land value, improvement value, homeowner exemption, tax status, market improvement value, market value, percent improvement, tax amount, tax account ID, tax rate area, tax year, and market land value.

Transaction History

When an individual owns a property they become part of a chain of transactions, as they are transferred ownership of the structure. The transaction history section showcases the different transfers that have taken place and the type of transfers that were completed. This is crucial, as deeds and titles do not always confer full rights to a property onto their holders. Understanding who has these rights is key in ensuring that all sales and transfers are legal and accurate.

Comparables

Individuals in the real estate industry use comparables, or comps, to determine the market value of a certain property. This means that they essentially compare the property to similar listings to determine a fair price given current market trends. As such, comps are exceptionally important aspects of the real estate world.

In the property profile report, Local Records Office reviews comps in two different formats: a quick view and a detailed view. The quick view provides an aerial map with the different comps plotted according to their location. Furthermore, it lists these comps along with the date they were listed, the price, the amount per square foot, the number of bedrooms and bathrooms, the year built, the lot size, and the proximity to the property in question. The detailed view further elaborates on this information by providing detail regarding the buyer, seller, loan amount, legal data, land use, and property type, among other specifics.

Foreclosure Activity

Because foreclosure activity can impact the value of the homes located within the community, it is important to look at this data when creating a property profile report. This section lists all of the foreclosure activity in the neighborhood by address and the date of the initiation of the foreclosure process or, if the process is beyond the first stages, the date of the most recent action taken against the owners.

Neighbors

Knowing one’s neighbors is essential when living an active lifestyle, and it is important that individuals are well aware of the kind of people with whom they will be sharing a community. This portion of the property profile report breaks down data regarding local residents by name and address.

In addition to this basic information, the report provides specifications about the homes in the area. Number of bedrooms, number of bathrooms, square feet, year built, lot size, garage, and other details are provided. This data helps individuals to see how the property in which they are interested fits in with the rest of the homes in the community.

Educational Institutions

The schools that are situated within a community can greatly impact the value of the properties that surround them. For many individuals, a home within a neighborhood that is situated in a great school district is a priority. This section of the property profile report records the different schools that are located in the area. Each school is accompanied by its address, phone number, student/teacher ratio, full-time equivalent administrators, grade levels, and population by grade level. Additionally, the distance of each school from the address of the property in question is provided.

Details regarding the public school district are also offered. These data include: grade span, student/teacher ratio, total enrollment, and the number of high school graduates, teachers, teacher aids, guidance counselors, school administrators, and schools.

To help individuals find exactly what they are looking for, the professionals at Local Records Office break this information down by public and private schools.

Deed

The final component of the property profile report is a copy of the deed. This allows individuals to view the latest deed associated with the home and access information regarding when the deed was transferred, its file number, who prepared it, and other details.

Local Records Office Reviews Benefits of Property Profile Reports
The property profile reports that are generated by Local Records Office can provide a great deal of value to people in various situations. Below are some examples of individuals who may prove to benefit from the information that these reports have to offer.

Local Records Office reviews the specifications regarding individual properties on a daily basis. As such, the organization has become a leader in the field of property profile report generation. Local Records Office reviews the needs of clients, as well, and strives to create reports that offer the details that customers are looking to receive.

Local Records Office is an organization that creates property profile reports for it’s clients. Comprehensive in nature, these documents provide homeowners with information about their land and the structures that are built upon it. This can prove exceptionally useful when determining the value of a property or when investigating previous  transactions and other details. Local Records Office.

www.local-records-office.com