Property Records report in Los Angeles, CA gives you historical information about a specific property or a home that you are interested in buying in the Los Angeles County area.
With properties aging in Los Angeles, CA, knowing more about the property is extremely important. These benefits buyers, sellers and even real estate professionals alike. Saving you time and money in the long run
What’s in a Property Records report?
Property Details
Property Details section gives you the specific legal details about the property and how it’s recorded in the county.
If you’re buying a home, this is essential information to have before dedicating time to finalizing the purchase.
Usually, a mortgage lender will help you towards it but having a copy on hand gives you access to basic information like the sale date/transfer date, transfer value at the time of sale and property type (2-4 unit).
It is important to know the property type. if you see an additional structure in the property and if it’s not listed on the report it may not be permitted by the county to have that addition. Example like an additional garage, extra room or storage units that have foundations on it.
If you mistakenly missed this detail, the county will order you take it down at your own expense.
Transaction History
The information here is the mortgage releases throughout the life of the structure. You’ll know when the property was first bought and sold, therefore knowing the age of the property gives you an idea of how old the plumbing system, foundation and even the roof structure itself.
Factoring these issues can make or break a deal and see a bargaining chip for you to negotiate for a better price.
Comparable Homes in the area
Knowing the homes that sold in the area gives you the real value of the neighborhood. If you’re buying a home in the area this will give you the information to negotiate better.
If you’re a seller you can maximize the price of your home and get more money out of it.
Foreclosure Activity
Foreclosure is not really a good thing for the community or the individual in the process. But if you’re a buyer and don’t mind some fixer-upper work. In other words, you might find a bargain and fixing it up yourself will benefit you in the long term.
Demographics
The information in the demographics section gives you the populations of the zip code, number, and growth of households and age distribution.
If you have a family or in the retiring years, location is really important. You want a community that shares your current lifestyle since you’ll be living in the area for quite a while.
Public and Private Schools
School information is one of the important consideration that we need as parents, most often, we move to a particular neighborhood because of schools in our area.
You will have the data for schools that your children might go to, from kindergarten to high school.
Property records Los Angeles CA covers both public and private schools in the district.
Crime reports
Information in the crime report section comes from the FBI Uniform Crime Reports (UCR).
Crimes committed in the area will be broken down, therefore giving you a perspective about crime rates around the neighborhood. This will include theft, larceny, and arson as an example.
Plat Map
Shows the tract of land that the property is situated in. Drawn to scale, consequently, it’ll show the lot measurement, boundaries, flood zones, street around it and right of way or easements.
View it as a whole
Take the report as a holistic view of the property. It leaves you no surprises and gives you room to plan on what needs to be done with the property if you’re a buyer of the home. If you’re a seller, the report gives you the power to compare your home to other properties that sold in the past, usually, it goes back 90 days.
