Website Spotlight: Home Disclosure

RealtyTrac^® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, recently announced the beta launch of its new consumer focused, mobile responsive, property Pre-Diligence^TM website, www.HomeDisclosure.com, which arms real estate consumers with detailed due diligence data on 117 million U.S. homes. Home Disclosure will be available to consumers early in the process of buying, selling or renting a home.

 

Home Disclosure was created to empower real estate consumers with critical information they can’t find anywhere else in one place, and some of which is only disclosed to buyers at the closing table — if it’s disclosed at all. In each property report, Home Disclosure provides more than 40 categories of real estate data, along with hyperlocal neighborhood and environmental data impacting the health, safety and financial security of the homeowner or renter. Watch video.

 

The report also provides hyperlocal neighborhood data on natural hazard risk (including flood, earthquake, tornado, wildfire, and hurricane risk), environmental hazard risk (including superfunds sites, brownfields, polluters and storage tanks and spills), crime level, school quality, median income and much more. View sample report. 

 

RealtyTrac built Home Disclosure from the ground up using public record real estate data (sales deed, mortgage, tax and foreclosure data), along with neighborhood characteristics and risks data, and packaging that data in a user interface designed carefully for a very specific real estate consumer: one performing pro-active, pre-diligence on a home — whether they are looking at that home for purchase or rental, or whether they already own or rent the home.

 

Why is the Home Disclosure Report important today?

 

·         Health risk (Porter Ranch, California gas leak story)

·         Safety risk (Sex offenders Christopher Hubbart and Mark D. Beebout)

·         Property value risk (Sinkholes hurt property values)

·         Flood zone risk (Hurricanes Sandy in New York City and Katrina in New Orleans)

 

About RealtyTrac

RealtyTrac is a leading supplier of U.S. real estate data, with nationwide parcel-level records for more than 129 million U.S. parcels that include property characteristics, tax assessor data, sales and mortgage deed records, Automated Valuation Models (AVMs) and 20 million active and historical default, foreclosure auction and bank-owned properties. RealtyTrac’s housing data and foreclosure reports are relied on by the Federal Reserve, U.S. Treasury Department, HUD, numerous state housing and banking departments, investment funds as well as millions of real estate professionals and consumers, to help evaluate housing trends and make informed decisions about real estate.