How to do a Plano Real Estate Search
Doing a Plano real estate search means doing some homework, but you can find out much about a property this way. A property search can turn up valuable data that you can use when writing an offer to buy. Example, I will not write a purchase contract without looking into the history of the property by conducting a variety of searches. I do not rely on the Plano MLS information alone, and you shouldn’t either, because it could affect how much you will pay for the home. Matters of Public RecordWhat kinds of information can you find from a property search? Example, if you knew the sellers were getting a divorce, you may decide not offer full price. Generally, in a divorce situation is a red flag that the sellers might take less because they want to get the property sold so they can get apart from each other. You can find out how long the seller has owned the home, how much they still owe on their mortgage, whether improvements or additions have been made without a permit among other important facts. Every city has a place where its’ citizens can go to search for information on any given property. Property records, sometimes referred to as Land Records, are maintained at either the county courthouse, city hall or another city or county department. You can also check the federal court records to find out if a seller has filed for bankruptcy or go through county court records to see if a seller is involved in a law suit. These days there are easier ways to find this information. Once you find the owner of record, if you don't have an address or the person has moved, you can order reports online that can find a missing person. These companies charge a nominal fee. Property Search on the InternetMany counties and cities maintain records online. Search for property tax records to find: · Name of the owner · Tax ID number or parcel number · Amount of present taxes and whether the taxes are paid.There are dozens of web sites that offer consumer information for free. Many Web sites let you search for property by area or sip code. Here are a few: Title Company Property SearchCall a local title company. Many title companies will give you a free property profile in hope that you will use them when you close on your home. Some title companies will do a search for the seller's name to find out if there are liens or judgments filed against the seller. Property Search Data Realtors Can FindIf you are working with a Realtor, you can ask them to find out more information about a property. Almost all Plano Realtors subscribe to services that provide property search information in variable formats. · data. It's not enough to just get a copy of a listing for the home you are interested in. Get your Realtor to search the history of the property in the MLS. You can find out if the property has been withdrawn from the market and relisted or if it has recently sold and may be a home being flipped. Your Plano Realtor can find out how long the property has been on the market. The amount of days on the market has an effect on pricing. Generally, if the home has been on the market for a long time you can get the home for less. · Online Title Company Database. I have an access code for my favorite title company's Web site. I can download deeds and search the sales and mortgage history of a property going back 20 years. · Tax Assessor's Data. Many Realtors have access to a tax record data base search that sjows the complete records on file at the tax assessor's office for any given property. This information can include the age of the home, square feet, type of roof, number of rooms, among other data. If the tax assessor records show different square footage than noted in the listing, either the tax assessor is wrong, the seller is wrong or the property has improvements for which a permit was not obtained. Buyers should then check with their city planning department to find out if a permit was obtained for the addition.Buying can be challenging but if you do your due diligence and check all the information available, you should do just fine. Next time around you will learn about . See you then.
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