What Are Property Records?
Property records are often linked to a specific piece of real estate. These records list the name of the current owner and the location of the property. Since real estate in the United States is often maintained in terms of records by the local counties, the most accurate records come from county searches. However, many databases exist to answer any and all of the questions individuals have about property. For many reasons, those who are interested in making a purchase or tracking down where people once lived will find these records a valuable resource.
Property records can be an exceptional opportunity to learn the history of real estate or individuals. The information contained depends on the type of property record search and who is conducting it. The most common and basic search is a property ownership search. This result will tell you who owns a specific piece of real estate. The person’s name and other identifying information may be provided at this time.
Some property records searches provide a significant amount of additional information. This may include details about the property such as its location (usually latitude and longitude) as well as its measurements. Information about any structures on the property may also be included. Some records provide a layout of the property as well including information about the structure’s design, layout, size and even a description of the facility.
Often times, those conducting a property records search will want information about the people who own or owned the real estate in the past. The owner’s phone number or other contact information may be included. The record may also list the current and the previous owners. This may include any documents about the previous owner’s current residence as well.
Also important in these records are the worth of the property. This is often done for taxation purposes. The county will appraise the value of the real estate, including any buildings on it, to be used for calculating taxes at the city and state level. The current and previous recorded sale prices are also included in some records. The tax appraised value of any property may be significantly different than the purchase price. The current estimated fair market value of the property, as conducted by an area inspector may also be a part of this formal record.
In some cases, property records also include additional information. They can contain information about the neighborhood especially if the area has a neighborhood name. It may include any public records on that real estate too, such as any liens, foreclosures or other legal action taken by county, state or city governments or other creditors. In general, this type of information is open to the public.
Gathering public records can be one of the most helpful methods of ensuring the property purchase is authentic. It can also help ensure the title to the property is clean of any other claims. Those who plan to purchase a property should conduct a property records search to learn about the property first.
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