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How To Use The Internet To Perform Due Diligence On Real Property

Thomas J. Lucier - Avoid Bad Realtors

As far as I’m concerned, the Internet is one of the greatest inventions of all time, and ranks right up there with flush toilets, sliced bread and basketball! For real estate investors, the Internet is the single best property due diligence research tool available. Especially for investors who are located in counties where property tax rolls are online.

If your county’s property records are available online, you can quickly find out who owns a property, when it was purchased, how much it cost and its

tax-assessed value. For example, here in Tampa, I can log onto the Hillsborough County Property Appraiser’s Web site, and armed only with a property’s street address, I almost instantly obtain the owner’s name, mailing address, sale price and dates for the latest, and prior sales, and the tax-assessed value of the property broken down by land and improvements.

I can also get a site map plotting the improvements on the property, along with the tax account, or folio number assigned to the property. Then, I log onto the Hillsborough County Tax Collector’s Web site, and type in the property’s street address or tax folio number to obtain property tax information about the property to include any tax exemptions claimed, special tax-district assessments, and tax payment status.

Use The Checklist Method To Perform Due Diligence Research

Today, savvy investors can quickly perform most of their property due diligence research by using their personal computer and an Internet connection linking them to the myriad of Web sites that contain property, ownership, sales, tax assessment, environmental, economic, crime and demographic records online. The checklist method is the fastest and most efficient way to perform the following due diligence searches on properties:
1. Property records search: Check your county property appraiser or assessor’s property records.
2. Property tax records search: Check your county tax collector’s property tax records.
3. Comparable sales search: Check your county’s property records for recent sales of comparable properties within the same area during the past six months.
4. Neighborhood crime search: Check the crime risk rating for the property’s address with local law enforcement agencies.
5. Flood zone map search: Check the property’s address on local flood maps to determine if it’s located in a flood zone.
6. Hazardous waste search: Check the property’s address for environmental hazards with your local environmental protection agency.
7. Demographic and economic data search: Check demographic and economic data for the property’s address.
8. Code violation search: Check the property’s address for code violations with your local code enforcement department.

Where To Find The Names Of All Of The Property Owners In Your County

The names of virtually every property owner in your county are available at your county property appraiser or assessor’s office on what’s known as the property tax roll. The property tax roll lists every parcel of land in a given county. Depending upon where you live, each parcel is assigned a separate tax identification number, either an assessor’s parcel number, APN, or an appraiser’s folio number. To find out if your county’s property tax roll is available online, simply type the name of your county and state into a search engine and click on search.

Almost all Property Records are Available Online

The following Web sites list the county property appraiser and assessor offices that have their records available online:

1. Property Assessors And Appraisers

2. Search Systems Public Record Locator

3. Public Records Online

4. National Association Of Counties

5. Public Records USA

6. Public Records Research System

7. Courthouse Direct

8. National Directory Of County Recorders

Copyright © Thomas J. Lucier

About the author:

Thomas Lucier has written seven books on real estate investing and property management and, as an author, is proud that hundreds, if not thousdands of real estate investors worldwide have used his advice to earn millions of dollars collectively. His website, AvoidBadRealtors.com, provides, in his Thomas’s own words, “Reliable Information and Practical No-Bullshit Advice form a Seasoned Real Estate Professional and Best Selling Author.”

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