Understanding RealQuest
Definition
RealQuest is a data service platform provided by CoreLogic, aimed at delivering extensive real estate data for various stakeholders, including investors, developers, real estate agents, and financial institutions. The data provided includes:
- Sales prices of properties
- Detailed property characteristics
- Geographic location of real estate transactions
- Tax records
- Multiple Listing Service (MLS) data
Examples
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Real Estate Investor: An investor looking to purchase rental properties can use RealQuest to get detailed sales histories, property characteristics, and tax information to make informed investment decisions.
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Real Estate Agent: An agent can access RealQuest for MLS data to help clients select properties that meet their criteria or to validate the correct listing prices for properties they are helping to sell.
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Financial Institution: A bank evaluating a mortgage loan application may utilize RealQuest data to verify the property’s details and fair market value, ensuring an accurate loan assessment.
Frequently Asked Questions
What is the primary function of RealQuest?
The primary function of RealQuest is to provide comprehensive real estate data that includes sales prices, property characteristics, tax information, MLS data, and geographical data, aiding various stakeholders in making well-informed decisions regarding real estate transactions.
Who typically uses RealQuest data?
RealQuest data is typically used by real estate investors, developers, agents, appraisers, and financial institutions. Its information helps in evaluating property values, market trends, and real estate opportunities.
How can I access RealQuest services?
You can access RealQuest services by contacting CoreLogic directly through their website RealQuest.com or via their customer service at 866-774-3282.
What sets RealQuest apart from other real estate data providers?
RealQuest, as part of CoreLogic, offers highly comprehensive and accurate data due to its integration with various data sources and advanced data analytics capabilities. Its extensive database includes historical and present-day data that provide a thorough perspective of the real estate market.
Can RealQuest data be integrated into other software?
Yes, CoreLogic provides APIs and other data integration solutions to embed RealQuest data into other software platforms convening real estate stakeholders’ requirements for seamless workflow and enhanced data usability.
Related Terms
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CoreLogic: A leading provider of consumer, financial, and property data, analytics, and services to business and government.
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Multiple Listing Service (MLS): A database established by cooperating real estate brokers to provide data about properties for sale.
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Tax Assessments: Government-imposed valuation of property, which serves as a basis for calculating property taxes.
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Property Characteristics: Various attributes of a property including size, age, construction type, number of rooms, and more that help in its evaluation.
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Sales Price: The final amount a buyer pays to purchase a property.
Online Resources
- RealQuest by CoreLogic
- CoreLogic Official Site
- Property Tax Records Search
- Mortgage Calculator & Analysis
References
- CoreLogic. (2023). RealQuest Real Estate Data. Retrieved from www.realquest.com.
- Zillow. (2023). Mortgage Calculator. Retrieved from zillow.com.
Suggested Books for Further Studies
- Investment Analysis for Real Estate Decisions by Gayle Berens and Mike E. Miles
- Real Estate Market Analysis by Adrienne Schmitz
- Mastering Real Estate Appraisal by Dennis H. Carr
- Data Science for Real Estate by Amos Gil Thorp
- Real Estate Data: A Prairie Perspective by John D. Benjamin
