• Welcome to AppraisersForum.com, the premier online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

Where does Realquest GET their data? HELP!

Status
Not open for further replies.
Wow, realquest shows my house as a 'SFR', lot size, prior sale date and no mas.

How much a month would this great data cost me? :)
 
Realquest has always been full of errors in the over ten years I have used it. It is the only reporting service for information available in Graham and Greenlee Counties in Arizona. If there is more than one improvement on a property like a 1,200 sq ft house and a 400 sq ft detached garage, Realquest reports 1,600 without the breakdown. Due to their programing and the assessment/taxroll schedules set by law, the material information on buildings and site area are based on the information used for the 2012 tax roll. Although Realquest gets the recording information once a month the ownership is usually over one month behind. Also legal descriptions and new or addition structures are from the 2011 tax roll. The only benefit to me from Realquest is finding the parcel number for a specific site. All other information has to be obtained and verified directly from the assessor and recorder's office. That is why I have copies of the assessor's property record card for every offering for sale or sold in my office. I go to the office and copy/print out those documents and then keep that paper copy filed in assessor's parcel number in my database. Working on a project now where every bit of data on all sold or offerings for in my two counties is being scanned, then searchable on my computer. I have said many times--DO NOT RELY ON PRIVATE RECORDING SERVICES, WHOEVER THEY MIGHT BE!
 
Obviously I can't be calling the assessor on every subject and comp.

No, but you can walk into the public records office and copy them yourself. Have to do it for every assignment here.

If Realquest has the square footage, incorrect or not, they're getting it online somewhere. Either past MLS listings or assessment records. Considering the discrepancies you're seeing....my bet is old MLS.
 
That's my first source....and it's on line here in the sticks. Surely in California....

Nope. Nothing online. I asked the assessor and they do provide data to the data companies for a fee, but their info on my house was correct so the errors are coming from somewhere else. Realquest won't tell me or respond. I can't talk to a person there but they have "opened a case". I can't wait to see how long it takes for them to tell me they have no solution. :rof:

I'll keep trying to find out WHERE the numbers are coming from. Thanks for the suggestions!
 
Also be careful of their sale dates and sale prices. For Trustee Sales (when the property goes back to the lender) they report the unpaid balance of the mortgage or what the bid was for the auction on the courthouse steps. Nether one is a true sales price and the transaction is not arm's length so those amounts are meaningless.
 
We don't have access to the Assessor's cards here in California, only the property owner
...but they sell the data to the data companies???? How does that work with out a FOI fight?
 
Our state and Oklahoma is required by law to have access on line
 
Status
Not open for further replies.
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at
AppraiserSites.com
Back
Top