What is Property Owner Data? Best Property Databases & Sources

Property Owner Data Explained

How is Property Owner Data collected?

Because of the legally binding nature of the property, the collection of this data is usually conducted by government agencies that are concerned with property. However, other third-party industry players such as real estate agents and banks can also collect this information and store it for future reference. Whatever the case, property ownership data should be available as a public record and usually works in line with other property data aspects that include, geocodes, property characteristics, valuations data, mortgage loan data, sales history, and foreclosure agreements data.

What are the attributes of Property Owner Data?

The key attributes of property owner data comprise the history of ownership of the property, type of ownership data that may range from individual to joint ownership. This data can also list the types of owners of properties such as insurance companies and pension funds, banks and other financial institutions, property companies or developers, private individuals, construction companies, and industrial and commercial companies. Attributes of property owner data also indicate information on the location of the property and the possible valuation as per the current market values.

What are the uses of Property Owner Data?

When combined with other data features such as geocode data, property characteristics data, valuation data, mortgage loan data, and sales history data, property ownership data can be used in several ways. Property sellers use property ownership data to maximize their property sales price by enhancing property characteristics. Buyers conduct a property search based on property features they want. Appraisers can even use property owner to help determine market value based on the demography and personal wealth of the owner. Insurers use this data to generate insurance models. Real estate brokerage and agents use this data to verify the home ownership status of a property to foster better targeting for projected renters looking to buy or sell. Marketing agencies can also use this data to reach homeowners and renters with precise contact information to leverage direct mail campaigns and reach the targeted audience.

How can a user assess the quality of Property Owner Data?

Users can assess the quality of property ownership data by accounting for the level of completeness of the data, and the time aspect of when the data was collected. Due to legal implications that are tied down to property ownership, incomplete and misleading data about the ownership may result in totally false conclusions. The time when the data was collected is a quality factor that gives an overview of ownership history in terms of previous owners and current owners. Precision and validity inform the user of how the information drawn from the dataset tallies with the actual information about the property.