When it comes to finding the best comparables for your property valuation, there are no shortage of tools made available through GeoData Plus. But once you’ve identified your comps, you still need to compare them against your subject property and come up with an accurate opinion of the value. We’ve helped you with this s...
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Real estate professionals – especially those using GeoData Plus – understand how important it is to have as much information as possible on a property when it comes to decisions related to purchasing, selling, and listing. One of the many important elements that we like having at our disposal are the mortgage det...
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Real estate professionals know that having property data and being able to utilize it to its best possible use gives them a competitive edge. That is particularly true for customers of GeoData Plus who have access to Suffollk County. ...
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At GeoData Plus, we understand you have choices when choosing a property data company. Therefore, we are grateful that thousands of real estate agents, appraisers, investors and others choose GeoData Plus. One thing we do for our cust...
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If you are a real estate professional, working with REO properties can help you increase the potential of sales and access some of the best deals on the market. REO properties are owned by lenders and have previously been unable to sell at an auction. This makes REO properties a great option for many differe...
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If you’ve been following along with how COVID-19 is impacting real estate –if you’re in the real estate business then I’m sure you are – then you’re probably aware that the Coronavirus Aid, Relief, and Economic Security Act or the “CARES Act” has put in place various provisions...
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As we go to work every day at GeoData Plus, experiencing the pain that our dear customers are dealing with every day, we continue to operate our company of the mindset that our customers need us more than ever, and we have an obligation to them to make sure GeoData Plus is as good, if not better than it&rsq...
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To Our Valued Customers and Friends:
As we continue to monitor the rapidly evolving situation around the coronavirus (COVID-19), our thoughts are for the safety and well-being of all individuals and small businesses impacted by...
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You’re at your listing appointment, and everything is going great so far. It’s time to talk price, and you’ve got a slick CMA report you put together with comps selected from the MLS. What can possibly go wrong?...
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The past 2 years have been an extremely exciting time for GeoData Plus, but more importantly, very exciting for its customers. If you haven't followed us closely, we've made quite a number of changes. Ear...
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Do you know the difference between building classification and zoning? If you’re in the real estate business and don’t know the answer to that question, you may not want to admit it out loud, but you can read this article to set yourself straight. If you already know the difference and you do business in Nassau C...
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Did you know there is an easy way to send GeoData Plus property reports to your clients and share them on social media? Our Share feature allows you to send a link to a property report via email, share it through multiple social media channels, or copy the link and share wherever you would like....
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The legal identification is a necessary part of any real estate transaction as it describes the land being conveyed and can identify any easements or encroachments that may not have been disclosed by the seller. It contains a detailed description of the boundaries of a piece of land as well as information about its location....
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Alan Rosinsky, of Metro Mahattan Office Space, recently interviewed Erik Wind, president of GeoData Plus, to get his take on the evolution of PropTech.
Read the full story here.
GeoData Plus is considered ...
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It’s our goal to provide as much valuable real estate information as possible to our GeoData Plus customers. That’s why we show mortgage history on our Suffolk and Nassau County property reports. ...
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The square footage of real property is used to justify market value, assess expansion opportunities, and can affect desirability for most buyers. Therefore, it’s important to get it right. ...
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The Fall Valuation Expo is right around the corner, and you won’t want to miss this premier event for the real estate appraisal industry. This year, Valuation Expo will be held September 30 through October 2 at the Flamingo Hotel in Vegas. ...
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The 18th Annual MLSLI Tech Fair will be held on Thursday, October 3, 2019, at the Crest Hollow Country Club in Woodbury NY. Here you can join a thousand other Realtors® from the Long Island area to network and attend sessions presented by industry ex...
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Being successful is never easy, but real estate arguably one of the most challenging fields, and also one of the rewarding. Success is a recipe that includes being organized, knowledgeable, and patient. One can read volumes on this topic, but here is a summary of various real estate agent tips we’ve learned from our clients and others on how they’ve become successful in real estate. Co...
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Many real estate professionals are unclear about what the term non-disclosure state means as it relates to a disclosure state.
In disclosure states, when the sale of a property is recorded, the sale price is also reported, making it part...
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The opportunity to purchase distressed properties is highly attractive as big discounts can be found, but not all the action happens on the day of the auction. Enterprising buyers learn about upcoming foreclosure sales and make efforts to purchase the property prior to the start of the auction. It’s important to know the basics of foreclosure investing before you get started. Each state has ...
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There is no exact definition of the term shadow inventory; however, most sources at least agree that shadow inventory refers to homes that are not yet for sale but will be coming to market in the future. Inventory is where differences in definition vary the most....
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Coming across a property in a flood zone area for either yourself or a client can be stressful, especially as we hear more and more about the potential patterns of heavier rainfall and issues like erosion in densely populated areas. It’s important that real estate practitioners closely review FEMA flood zone maps to assess property value and evaluate risks. Learn how to assess flood ris...
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GeoData Plus provides property data and comps nationwide. Our platform provides income and expense reports, zoning information, square footage details, lot dimensions, flood zone risks, location information, and so much more to help real estate professionals assess property value no matter when, no matter where....
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The National Association of Independent Fee Appraisers (NAIFA) has held an educational conference for more than fifty years. This event will mark the first year that the invitation extends to appraisers in all states from Virginia to Massachusetts as a result of the 2018 merger with the American Society of Appraisers (ASA), which created one of the largest networks of U.S. real estate profess...
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Valuation Expo 2019 will offer collaborative experiences, networking opportunities, and 14 – 18 continuing education hours for appraisers in the Windy City. As an enthusiastic supporter year after year, GeoData Plus is once again excited to be a Silver Sponsor in Chicago, IL. We'd like you to join us....
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With GeoData Plus, we've always included access to FEMA flood zone, panel, and panel date information on our property reports. We recently added a direct link to FEMA flood maps on every property report. Use GeoData Plus to find important flood hazard information for any property across the nation....
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GeoData Plus has greatly expanded its New York foreclosure database. In the past we only provided lis pendens in New York City and Long Island, but we now offer lis pendens and auctions in just about every county in New York State. With access to one of our distressed property packages, you’ll be able to search for NY lis pendens, and/or foreclosures by date, property type, location, plainti...
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As you may know, when GeoData Plus expanded nationwide, it also added a nationwide foreclosure database that includes preforeclosures and auctions. Foreclosure auctions were also made available in New York State. Are you familiar with how foreclosure auctions work? Just as important, do you know how real estate professionals can use a property data source such as GeoData Plus t...
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GeoData Plus has expanded with the opening of a second office, located in Charlotte, North Carolina. The expansion comes shortly after the property data platform started providing data for all states nationwide. ...
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Flipping is a term in real estate used to define the purchase of a piece of real property and reselling it fairly quickly for a profit. The profit occurs from selling a property while the market is appreciating, and/or improving a property purchased under market value, and then selling it above market value.
What are the Risks of Flipp...
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Since 2002, thousands of real estate professionals have been using GeoData Plus to find sales comparables in New York and New Jersey. This year we expanded our property data system, so real estate professionals can search for specific property information all over the United States. GeoData Plus now encompasses property data nationwide including sales comparables in every state, county, and ci...
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On Monday, July 31st at the Annual Appraisal Institute event, Julie Jones from Fannie Mae announced that as part of Fannie Mae’s updated Selling Guide, the 1004MC will no longer be required. While the Twittersphere wasn’t set ablaze with such breaking news, it certainly created a buzz in the room that is rippling across the appraisal industry. ...
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Whether you are new to real estate or a seasoned professional, you likely know that there’s an opportunity to make money working with distressed properties. If you have the skills and/or nerve to take on these kinds of properties, you may be able to turn a profit in this sector as an investor, agent, appraiser, lender,...
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As a provider of real estate property data, sales comparables and foreclosures in New York State since the year 2000, GeoData Plus has recently announced an expansion of its services nationwide....
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What do real estate data, superhero capes, a great giveaway and Charleston have in common?
US, and GeoData Plus!
Gotham & Real Estate Data Get Together
Come network, learn, get equipped for success, and have fun at th...
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If you’ve been using GeoData prior to February 12, and you went to our site to log in and thought, “Am I on the right site? What happened?” We hope you were able to find the log in button without much trouble and got your work done. Once logged in you’ll see the same easy to use GeoData you’ve used in the past....
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This year’s MLSLI Tech Fair was a success for the GeoData Plus team. We met many of our happy customers and Erik Wind gave an informative presentation that answered the question, “Are Foreclosures Dead?”...
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Many of us started the year off with a resolution to read more books. To unplug from our devices and feed our soul and mind the old-fashioned way — written words on paper without the blue light of our phone or iPad....
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At GeoData Plus, we do our absolute best to educate all of our clients on how to use our service. We start by making sure all of our new clients participate in a training usually done through a screen sharing session. The session isn’t pre-recorded or with a group of other new customers; it’s a one-on-one (or office wide) training that is customized specifically to that client&rs...
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The Black Knight report cited in HousingWire defines foreclosure activity as follows:
Due to the type of data we collect, we’re defining foreclosure activity as follows:
- The number of lis pendens filed.
- Percentage of distressed sales compared to all sale...
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GeoData is happy to announce that we will be sponsoring the East Meets West: Manhattan Real Estate Connect brought to you by Asian Real Estate Association of America NY Manhattan Chapter. (Special promo code below.)...
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While GeoData is well known as a source for all kinds of property data used for valuation and research, it’s also useful as a prospecting tool. Our latest feature just made prospecting a little easier....
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As of April 2016, Google has ended its support for any computer running the following operating systems: Windows XP, Windows Vista, Mac OS 10.6, 10.7, and 10.8. Computers that are running any of these operating systems will no longer receive updates for its Internet browser, Google Chrome....
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Over the years, GeoData has become known for more than just a source of good sales comparables. We’ve added prospecting tools such as lis pendens searching, as well as access to property data you’d be hard pressed to find anywhere else. However, we never forget that GeoData is used by thousands of people for the purpose of finding accurate comparables. For those ...
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Erik Wind asks Vincent Koo to reveal his secrets to creating a killer real estate listing presentation. Stating that he is an open book, Vincent reveals three steps that he believes give him the advantage when making a presentation to a potential client.
Watch the discussion here to learn more.
...
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Hurricane Sandy swept up the Eastern Coast of the United States in late October of 2012 inflicting billions of dollars worth of property damage. In this Hands on the Market segment, Erik Wind sat down with Tom Lauritano of LAS Appraisals, and talked about the impact that Hurricane Sandy has had on property values.
...
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Once Thanksgiving comes, many of us often find our real estate businesses slowing down as potential buyers, sellers, and borrowers all tend to start focusing on the joys (or the stress) of the holidays....
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For those of you who do business in Suffolk County, you know how it’s traditionally been very difficult to get good property data such as square footage, year built and zoning, without having to travel to local assessor offices. Times seem to be changing....
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SIBOR REAL ESTATE SYMPOSIUM
Our friends at Staten Island Board of Realtors are hosting their annual Real Estate Symposium on September 30 in The Vanderbilt at South Beach, Staten Island. The event includes a day filled with information sha...
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For those of you who have GeoData for New York City and Long Island, you may have asked at some point about Westchester, Rockland, or other counties. Up until now, the information in those areas has been limited. That’s changed dramatically....
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Earlier in the year, we posted an article about not being able to view documents in ACRIS while using Google Chrome. This was due to a browser update that disabled certain plugins like Java. GeoData users who were directed to the ACRIS website to view a recorded document, saw a blank page instead of the document they were trying to view....
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Since 2002, customers of GeoData have taught us how they use GeoData in order to get their sales comparables, and how GeoData can be improved to make the process of finding comps easier. In this video, we share what we’ve learned from them. Hopefully this will help you make better property valuation decisions....
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We wanted to make you aware of some cosmetic changes that we’ve rolled out, a summer makeover if you will. When you log into GeoData Plus, it is going to look quite different but rest assured, we have kept the same great functionality that you rely on. We put together some slides to show you what to expect....
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We want to share with you some exciting news regarding the upcoming Valuation Expo. We heard that Wells Fargo is offering a Re-Boot Camp on Monday, June 29th, for new and seasoned appraisers. After an interesting conversation with one of our friends at Wells Fargo, we gleaned some key points we know will interest you....
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In this pilot program for Hands on the Market on the Mortage News Network, Erik Wind discusses trends and recent news stories pertaining to short sale data and foreclosures with Short Sale Specialist, Phil Tesoriero....
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If Google Chrome is your primary Internet browser, you may have noticed that while accessing the ACRIS website through GeoData Direct, you are unable to view documents. Instead of the document, you see a blank page with a message similar to “This plugin is not supported”. This is due to a recent update to Google Chrome. As of Chrome’s version 42, which was relea...
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In early 2014, Fannie Mae made its Collateral Underwriter software available to lending institutions and appraisal management companies as a way to critique UAD appraisals. Since then, there has been some confusion and a lot of discussion over how this will affect appraisers and appraisal management companies....
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This is our new video series where we bring you answers to frequently asked questions and hot tips on using GeoData’s services to make your life easier! Today, we are talking about why GeoData has been a trusted data source in the New York metropolitan area for the past 15 years and how we can grow your real estate business.
See more videos at geodataplus.com/hands-on-the-market...
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Introducing our new video series where we bring you answers to frequently asked questions and hot tips on using GeoData’s services to make your life easier! Our first video demonstrates how easy it is to reach out to the pre-foreclosure market by doing a lis pendens search and quickly creating mailing labels. Let us know if you have a question or topic that you would like to see us address in the future....
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GeoData Plus is a trusted resource for real estate professionals throughout the entire state of New York. Appraisers, agents, investors and lenders rely on us every day for property data, comps, and to help them find their next deal....
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A few months ago we announced our new Suffolk County Property Report, which, for the first time anywhere, included building details and sketches for properties in Brookhaven. Knowing that our customers were also looking for that level of detail in other towns, we’re pleased to announce that we now have similar information for properties within the Town of Babylon....
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Earlier this month, the GeoData Plus team had the pleasure of attending the Triple Play Realtor Convention and Trade Expo in Atlantic City. We came away excited about new connections, inspired by excellent speakers, and loaded down with tips and information from experts in the real estate industry. In case you are wondering if this is a conference worth going to, we thought we’d share the to...
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GeoData has always been a treasure trove for property data on residential properties, and of course, our information on sales and lis pendens have been available for years. But, until now, no company (including us) has ever been able to provide much information on the 40,000+ commercial properties in Nassau County, which is home to thousands of residential complexes, office buildings, retail store...
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GeoData Direct can be available at your fingertips on your mobile device in seconds — all it takes is a little bit of setup. Many GeoData customers already know that it’s possible to access GeoData Direct from your phone, but here’s a way to make it even easier. By following these quick and easy steps specific to your operating system, you can have immediate access to GeoData Dir...
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Author’s note: Since the publication of this article, we have since added telephone numbers to all of New York and New Jersey, rather than just NYC and Long Island.
The team here at GeoData Plus are constan...
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Even if you have all of the data pertaining square footage, number of rooms, style, lot size, and other details about a property, sometimes it’s the picture of the building that really tells you if you’ve found what you’re looking for or if the property in question is a waste of your time. GeoData just added Google Street View images to our property reports for almost all propert...
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This article was written by Patrick Hunt, co-founder of CrowdPrice, our newest feature. I met Patrick at the Inman Real Estate Connect conference this past January and am pleased that we were able to form this partnership, especially seeing how the spirit of the conference is all about connection. Please check it out and let us know what you think! &nd...
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As many of you know, GeoData Direct recently enhanced both its Suffolk County Property Report and New York City Property Report. It should come as little surprise that Nassau County was next....
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We’ve got some big news for those of you who use GeoData Direct for your work in Suffolk County. After we released an enhanced property report for New York City in March, we had a lot of clients asking us when Suffolk County would get its own souped-up property report. The answer is: now. Our new Suffolk County report is live and we think you’ll find that it contains a lot of very usef...
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Last month we told you a little bit about how real estate professionals use comparable properties (or “comps”) to help determine the value of a property. We talked about what factors should be considered when looking for suitable comps (location, size, style, and date of sale), but we didn’t delve into how the circumstances of a sale can affect the suitability of a ...
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Many of our clients who are more seasoned real estate professionals may find this article elementary — but I also know that there are many of you just getting started in real estate who might benefit from a quick lesson on how to formulate your own opinion of value on a property....
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Read reprinted article here
(article originally from Wall Street Journal)
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Be sure to find out about all of the updates that are coming to GeoData. Check our blog when you can. Or, you access us on Facebook, Twitter and LinkedIn.
To all of our loyal customers, thank you for business as we continue to improve GeoData Direct....
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We are happy to share that Rob is now operations manager at GeoData. What does that mean for him? Not much, he’s already been doing it for a while – now it’s just official. Congratulations, Rob!...
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GeoData welcomes its newest member of the team, Emily Stock.
Emily is no stranger to GeoData. She’s been working for Erik Wind since 2010. She’ll be doing a lot of everything including account management, testing, and accounting....
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Erik Wind returns to GeoData Plus as president. Erik held a leadership role with the company during GeoData’s formative years, when they released pre-foreclosures for Long Island and New York City, became the only company with one zoning map for all of Nassau County, and transformed GeoData from a desktop application into its present web application....
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Be sure to check out National Mortgage Professional Magazine.
GeoData’s consultant Erik Wind was named one of their 40 Most Influential Mortgage Professionals Under 40....
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GeoData Directs 1004mc now includes listing data.
Previously, GeoData Direct (along with most other data providers) only included closed sales in their 1004mc analysis. Now, you can produce a complete 1004mc that includes sales and listing...
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GeoData Direct now lets you search “For Sale Listings” as comparables in addition to closed sales.
There is more of a demand than ever before to include listings in BPO’s and certain appraisal reports. You can now get both by using GeoData Direct.
For Sale Listing comparables are available to all GeoData Direct customers at no additional charge....
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GeoData is happy to welcome its newest employee, Robert Whiddon.
Rob’s diverse background includes expertise in mortgages, real estate transactions and title work. He will be working in customer service, so you may hear him on the phone at some point....
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GeoData Direct now displays properties listed for sale or rent on applicable Long Island and New York City properties. Listing information will include the listing price, date, photograph(s), room count, and other details....
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To anyone not doing business in Smithtown, New York (Suffolk County), this may not be worth reading. But those who are continuously frustrated by the lack of detailed information in Suffolk County, this addition to GeoData Direct brings great excitement!
Style, year built, square footage, room count and basement details are now available.
Stay tuned while GeoData Plus works to add the same detail to Brookhaven, Huntington and other Suffolk Townships....
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In addition to finding the most up-to-date comparables, GeoData Direct users can now select up to six comparables, and perform a real estate market analysis.
The market analysis compares the subject property against the comparables side by side, adjusting for sale date, lot size, garage, rooms/baths and square footage. A value of the subject property is calculated based off of the comparable adjustments....
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As of April 1, all 1-4 unit Fannie Mae appraisals will require completion of the 1004MC Addendum.
GeoData Plus is pleased to generate the sales statistics of the 1004MC at no additional charge to its subscribers.
Subscribers to DataMaster can auto-fill their 1004MC directly from GeoData Direct....
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GeoData Plus has teamed up with DataMaster USA, allowing customers to automatically export subject property and comparable sales directly into their appraisal software. This incredible time saving service works with all of the major appraisal softwares:
The days of data entry are over. Appraisers can now spend more time being analysts, and less time as typists....
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GeoData Plus is now available with full real estate property data in ALL of the following counties in New York State:
- The owner(s) of the property & how to contact them
- Building characteristics, such as square footage and number of rooms
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GeoData Direct now works in any web browser!
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GeoData Direct now highlights potential foreclosure sales in green.
GeoData defines potential foreclosures as sales that have taken place within one year of a lis pendens (or other foreclosure related lien) being filed on the property. The property was likely sold as a result of a short sale, foreclosure auction, or REO.
Knowing if a property sold as a result of a foreclosure is imperative when selecting the right comparables....
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GeoData Plus went through a pain-staking process of collecting zoning maps from every municipality, and combining them into one map.
Zoning information can also be viewed from the property reports....
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FEMA has released new flood zones for New York City which have just been added to GeoData Direct.
The flood zones are visible on GeoData Direct’s maps:
As well as the property reports:...
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This valuable information is available in Queens, Brooklyn, Bronx, and Manhattan
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GeoData Direct now allows you to search for lis pendens by zip code.
Also, GeoData has added owner name and address to property, sales, CMA, and lis pendens search results as well.
Search results can be printed and exported to a CSV spreadsheet....
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GeoData’s New York City property reports now link directly to maps on both NYC.Gov and NYC Oasis.
Find phone numbers matching the address of the property, owners name, and owners address....
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GeoData Direct now provides the Floor Area Ratio (FAR) of every property in New York City. Our extensive database allows us to include the Actual FAR of a building, as well as FAR regulations for a property’s zoning district. FAR and zoning information of a particular property may be accessed directly on the property report....
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GeoData Direct now has all liens and lis pendens (active or not) on any property in New York City. Our extensive database allows us to provide our clients with access to over twenty years of property liens in NYC....
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GeoData Direct now offers its users instant access to co-op sales in four of the five boroughs of New York City (Bronx, Brooklyn, Queens, and Manhattan). Users of GeoData Classic need to run a brief update in order to gain access to these co-op sales.
Searching for Co-Op Sales:
Viewing A Building’s CoOp Sales:...
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The CMA (Comparative Market Analysis) has more options than ever before. GeoData’s CMA tool includes features such as square footage range, multiple class/style selections and the ability to view the full report (including sales history) on any comparable with just one click....
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The new search interface of GeoData Direct is now very fast and intuitive. Users may quickly search for a property by address, legal ID, or owner. Partial information is also accepted such as the street name without the suffix (ie, Park instead of Park Ave still yields results)....
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When viewing a property report on GeoData Direct, you can obtain telephone numbers for the property address, the owner address, or name of the owner when available....
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Staten Island sales are now only weeks behind the rest of New York City sales. Due to the way Staten Island deeds are processed, they have always been further behind than the other Boroughs. But due to some recent changes in Staten Island and GeoData’s technological resources, our sales data is now only weeks behind....
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GeoData Classic has released New York City Property Photographs for all of the five boroughs. Property photographs for specific properties may be found on Property, Assessment and CMA reports.
...
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