NextAce Launches SearchQ for the Consumer Market [Manufacturing Close – Up]

By combining the power of automation for the title insurance industry with real estate and local market data mining, NextAce announced the immediate availability of SearchQ for the consumer market.

According to a release, accessible online and available in a free or low-cost format, a SearchQ Property Analysis Report includes a snapshot of a property's current ownership and encumbrances (O&E); open liens and judgments against the property owners; comparable, historical, and investment analyses; local housing price statistics; market trends; and neighborhood demographics.

"Like a Carfax for homes, SearchQ puts real estate details in the consumer's hands, giving them the ability to be better prepared to make pricing and location decisions based on factual residential and geographic data," said NextAce CEO Don Cantral. "SearchQ dramatically increases the availability of residential real estate information, including details that renters and investors will also find of value."

The online decision-making tool requires a U.S. property's street address to be entered at SearchQ.com. In less than a minute, the program provides a free overview of property related information and demographics as well as a preview of what a SearchQ Property Analysis Report can immediately provide for $29.95. The company noted that both the reports are provided as PDFs, providing immediate access to real property information including:

-A snapshot of current ownership and encumbrances (O&Es), such as mortgages, taxes, and other liens, including voluntary and involuntary liens posted against the property.

-Unreleased judgments, bankruptcies, and liens against the property's current owners.

-The current property tax status on the address.

-Area housing statistics, based on census data.

-An investment analysis that provides the relative risk of purchasing a specific property at a designated price.

-Sales comparables, including distances, sales dates, square footage, and values.

-A neighborhood overview that gives low to high ratings for several decision-making factors, such as local crime risk, traffic hazard index, school performance, and more.

-Historical sales and ownership information on the property.

NextAce provides automated real property intelligence, such as SearchQ delivers, for the title insurance, mortgage lending, foreclosure, real estate, and investment markets.

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