A free home history report provides information such as a property tax status indicator, possible liens and foreclosure activity, and a financial preview that includes the current debt and mortgage amounts. This information helps real estate professionals, home buyers and investors make informed decisions and gain a marketing edge.
A free home history report also provides information on possible bankruptcies and unreleased judgements associated with a property. Statistics provided for area of the home are based on census data. These statistics inform about crime rates, school enrollment and the level of education of people in the area. The social characteristics of the area’s residents, such as income level, ownership rate and occupancy rate, are provided along with a map and information on the age of homes and types of residential structures in the area.
The information included in a free home history report can help renters avoid being scammed by a landlord by simply knowing the legal owner or owners of the property.
Anyone who is buying, renting, selling or has inherited a property may find valuable information in a free home history report. However, a comprehensive home history report, which typically requires a fee, may provide additional information not covered in the less-detailed free report.