Real Estate Databases: New Zealand and U.S.A.

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Real Estate Databases: New Zealand and U.S.A.

Major databases that real estate agents use to research property owners and prospects for new business in New Zealand are CoreLogic NZ and LINZ. Major databases that real estate agents use to research property owners and prospect for new business in the United States are CoreLogic (U.S.), Realtor Property Resource, and Zillow. Below is an overview of the findings.

REAL ESTATE DATABASES: NEW ZEALAND

MAJOR PROPERTY DATABASES

 1. CORELOGIC NZ

GENERAL
  • CoreLogic NZ provides services to 15,000 customers and 150,000 end-users with the International business.
  • Website

REASON FOR INCLUDING IT
  • CoreLogic NZ has been added because it gives coverage of the 99% of the New Zealand property market. The company has covered more than 500 million decision points in their database (Here, Decision Point means different work nodes depending on the information that users provide during the process or attribute values or properties).
  • The database has up to 2,300,000 "verified primaries in use physical addresses".
  • Globally, the company has more than one million clients users/real estate agencies who rely on their "data and predictive decision analytics to reduce risk, enhance transparency and improve the performance of their businesses."

2. LAND INFORMATION NEW ZEALAND (LINZ) 

GENERAL
  • LINZ is the authoritative government source of land title and cadastral survey records for New Zealand. These records contain information about property ownership and boundaries and are essential to maintain property rights across the country.
  • Website

REASON FOR INCLUDING IT
  • LINZ provides information about land titles, geodetic and cadastral survey systems, topographic information, hydrographic information, managing Crown property and supporting government decision-making around foreign ownership to real estate agents to grow their business.
  • LINZ data services include property title owners and title memorials, parcels, for example, lots, sections, easements, covenants, and marginal strips and survey marks, observations, plans, adjustments, and land district.

OTHER SUPPLEMENTARY TOOLS

1. TERRANET

GENERAL
  • Terranet works as a database tool that provides detailed property information and reports on New Zealand properties.
  • Website

REASON FOR INCLUDING IT
  • Terranet provides legal descriptions, details on the owners of the property, sales histories, valuation information, aerial photos, and neighborhood statistics on one website.
  • The tool provides detailed information on over 2.1 million properties in New Zealand.
  • The company also provides information on urgent delivery basis. The company provides service i.e. legal documents within 30 minutes on demand.
  • Terranet provides "straightforward, useful, and easy to understand property reports and legal documents."

2. QV

GENERAL
  • QV serves as a guide tool that provides property information to the user.
  • Website

REASON FOR INCLUDING IT
  • QV provides property information for a specific address, street, suburb or region. It also provides rating valuations and previous sales of the property, to more detailed local sales, Certificate of Title and building consent information.
  • The company provides "key legal information on property including ownership details, references, and interests."

REAL ESTATE DATABASES: UNITED STATES

1. CORE LOGIC (U.S.)

GENERAL
  • CoreLogic U.S. is recognized as the "premier supplier of U.S. real estate, mortgage, consumer and specialized business data," and information.
  • Website

REASON FOR INCLUDING IT
  • CoreLogic covers 99% of all properties in the United States, which equates to 147 million properties and 99.9% of the population.  
  • The database is being used by approximately 600,000 users who can access "the homeowner and property database annually, including sales agents, appraisers, brokerages and multiple listing organizations."
  • CoreLogic in the United States encounters approximately 4.5 million real estate transactions per month, and transaction assets boast historical data on 740 million real estate transactions.
  • Globally, the company has more than one million clients users/real estate agencies who rely on their "data and predictive decision analytics to reduce risk, enhance transparency and improve the performance of their businesses."

2. REALTOR PROPERTY RESOURCE (RPR) 

GENERAL
  • RPR is a wholly-owned subsidiary of National Association of Realtors (NAR). NAR has more than one million members in the U.S., which is composed of residential and commercial realtors who are appraisers, brokers, counselors, property managers, salespeople, and others participating in all aspects of the real estate industry.
  • Website

REASON FOR INCLUDING IT
  • RPR includes a national database of more than 150 million residential and commercial properties in the U.S. The database is available to NAR members and is included in their yearly NAR dues.
  • RPR offers "online access to comprehensive real estate market data, analytics and reports for each of NAR's constituencies" to real estate agents to grow their business.

3. ZILLOW

GENERAL

REASON FOR INCLUDING IT
  • Zillow provides a living database of more than 110 million U.S. homes including "homes for sale, homes for rent and homes not currently on the market, as well as Zestimate home values, Rent Zestimates and other home-related information" to real estate agents to grow their business.
  • As per Facebook, Zillow has been liked by 2.3 million people in the U.S.

OTHER SUPPLEMENTARY TOOLS

1. US REALTY RECORDS

GENERAL

REASON FOR INCLUDING IT
  • US Realty Records serves over 300 million people in the U.S.
  • The tool provides all-in-one home reporting and property information to the users.
  • The tool provides detailed information on the owner including name, address, and phone numbers. It also provides information on property value and sales history.

2. DATA TREE

GENERAL

REASON FOR INCLUDING IT
  • The tool provides nationwide property data including home ownership information like property owner information with "fresh mortgage insight."
  • The tools allow the users to scan 6.5 billion recorded document images.
  • The tools help to research and verify property ownership & encumbrance (O&E) reports that provide the most up to date and accurate information on a property and its owner.

RESEARCH STRATEGY

We started by searching for the requested information on community forums, blogs, and news articles such as the NZ Herald, NY Times, and Stuff. The idea was to check the information on the databases real estate agents use to research property owners. The sources enumerated the information on business approaches being undertaken by these property professionals for growing business. Through the search, we found the references to major database sites and other tools accessed by real estate agents. The inclusion criteria were database sites whose target customers are predominantly real estate agents in the country, have nationwide/global presence, have major database access, and their clients. The inclusion criteria for other supplementary tools was based on forums which are largely aggregators for real estate agents, have large listings, database, contact leads, the past business passed to real estate agents as commissions, have large real estate agents as their existing clients and other similar notable considerations.

NOTE: Decision Point mentioned on the website of CoreLogic NZ does not mean consumers.
Sources
Sources

Quotes
  • "With coverage of 99% of the New Zealand property market and more than 500 million decision points in our database, we're absolutely passionate about data accuracy which allows us to deliver on our promise of the most reliable and powerful property insights and analytics"
  • "CoreLogic’s valuation models are trusted by major lenders and government bodies which is 20,400 valuations per year."
Quotes
  • "Terranet provides the most time efficient and cost effective means of sourcing all of your essential property information in one place. It significantly cuts down the time required to obtain similar information from multiple sources."
  • "We make property decision-making simpler and faster by providing you with a comprehensive range of straightforward, useful, and easy to understand property reports and legal documents."
  • "It provides legal descriptions, ownership details, sales histories, valuation information, aerial photos and neighbourhood statistics in one resourceful website"
Quotes
  • "Get access to property information for a specific address, street, suburb or region. From Rating Valuations and previous sales of the property, to more detailed local sales, Certificate of Title and building consent information."