Friday, 20 May 2022 | The Latest Buzz for the Appraisal Industry

GeoData Plus Enhances Nationwide Valuation Tools with Xome®

Nationwide MLS Content Now Enhances GeoData Plus

Through its strategic alliance with Xome Inc., a national brokerage, GeoData Plus has added licensed MLS content (where available) to property reports. In addition to providing public record property data on all real estate in the US (via their nationwide expansion), GeoData Plus and Xome now provide augmented property reporting throughout the United States.

How Have Property Reports on GeoData Plus Changed?

GeoData Plus already has the following property data: owner(s) with contact information, square footage, room count, zoning, sales / mortgage history, pre-foreclosures / auctions (past & present), and sales comparables. In addition to all of that, we now offer MLS listing history.

Why Is Providing MLS Listing History So Important?

During the property research and valuation process, real estate professionals often refer to public record(s) and MLS as two completely separate data sources. GeoData Plus now provides a seamless and integrated experience, combining both public record data, and Xome-sourced MLS data.

Many MLS systems have public record data sources within their system, but some are not seamlessly integrated with the listings provided by the MLS. This forces the real estate practitioner to perform entirely new searches every time, for every property.

Conversely, if a real estate professional commences a search for property data in a public record system, there may be little-to-no direct integration with MLS listings and the information the MLS provides.

Gathering enough valuable information from both sources requires quite a bit of time and effort.

What Is GeoData Plus Doing Differently?

In most cases, real estate professionals start their search for sales comparables with MLS listings, identify the most relevant comps, and then cross reference those comps against public record(s). This approach is generally effective; however, if properties are sold outside of the MLS, the chances of missing an essential sale comparable is very high.

In contrast, GeoData Plus collects every recorded sale. When one searches for comps in GeoData Plus, they see sales that are recorded through public records data and the MLS.

When GeoData Plus users perform a comp search, they see every sale, and each sale indicates the following information:

– If the property was listed in the MLS and at what price and date
– Days on market as calculated using the public record sale date
– The sale price as recorded in the public records with the percentage above or below the initial asking price

Interested parties can learn more at  GeoData Plus offers a 30 day money back guarantee for anyone who would like to try its service.

About GeoData Plus

GeoData Plus is an all-in-one property data and comparable searching tool trusted by thousands of real estate professionals. They aggregate public record and MLS content to offer insights on property data that is difficult to find and access anywhere else.




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