Uncovering the true condition of a house is no easy task.
To help borrowers get the lowdown on house condition before making a purchase, Housefax.com has launched the first national property data service that delivers comprehensive, consolidated home reports.
The reports show the history of each home in the database, including building permits, mortgage information, fire, flood, sink hole and other property records.
‘Though we're in the midst of a housing rebound, many homes have been neglected, rented, foreclosed or left vacant, and today's buyers are far more cautious,’ says Eddy Lang, Housefax.com founder and CEO. ‘When finalizing a contract on a home, inspection reports often threaten closings too late in the process and can miss hidden red flags like mold, fire and flood damage, or even meth labs, sink holes, earthquake fault lines and other hazards.’
The Housefax.com database – compiled by a team of technology, real estate and marketing professionals – aggregates a variety of public and proprietary data from accredited sources.
The company plans to continue with the build-out of the system through this year, adding new tools and features as they are developed.
‘We are dedicated to being the pre-offer, pre-inspection solution for residential real estate,’ Lang says.