Local Records Office (LRO) is a company that provides peace of mind for buyers who are not sure if they are interested in the community in which their potential new home is located. You see, when buyers make an offer on a home they are doing more than planning to invest in this one structure—they are making a commitment to the neighborhood in which they will live if their offer is accepted. With so many different factors that contribute to creating a community, though, how is it that a buyer can rest assured that their decision is the right one? They can do so with the help of LRO.
Local Records Office is, essentially, a report-generating company. dedicated to assisting clients that span the country, LRO collects information from various third party providers and uses this data to compile an overall look at the community in which a certain house is located.
It works like this:
- An individual who is interested in purchasing a home but is not sure about the community contacts Local Records Office. They provide the specific address in which they are interested and finalize payment.
- Once payment is received, the report generation process is started. The professionals at LRO reach out to third party partners, including county offices, to gather documents that allow them to access certain pieces of information. Some of these documents originate with county departments while others are pulled from the FBI or the Department of Education.
- As soon as all of the necessary information is gathered, professionals at LRO create a comprehensive report that details numerous facets of a community, which is returned to buyers as soon as it is complete. The entire process takes an average of two business weeks, but can take up to 21 business days, due to the fact that the professionals at LRO have to partner with outside organizations to access the necessary data.
- If buyers are still interested in the property after learning more about the neighborhood they may make an offer. If not, they may submit a request for a new report on another property.
Local Records Office is, as you can see, a resource that individuals can call upon when they want to know more about a specific area. The cost of a report is only $89, which many individuals see as a worthwhile investment that will allow them to make an educated decision regarding whether or not to place an offer on a certain home. If buyers do not place an offer on the initial property and want to access a report on an additional address they can use a coupon that allows them to save 35 percent on the second document. Because of this, many individuals run a report on each property they are considering so that they can accurately compare all aspects of the communities they may move into.
Local Records Office: What Does a Report Include?
When you purchase a report from LRO you will gain access to data regarding a wide range of factors. Here are some of the most important aspects of the document:
- Crime Reports: Crime is going to happen in virtually every community, as there are no neighborhoods that can sustain a zero percent crime rate. However, it is important to make sure that you are moving into an area that has as little criminal activity as possible, and that the crimes that do take place are not too serious. This aspect of the report is generated via data from the FBI Uniform Crime Report, or UCR. It encompasses details regarding a wide range of criminal activity, including arson, larceny theft, motor vehicle theft, burglary, aggravated assault, robbery, forcible rape, and murder.
- Educational Data: If you are a parent or are planning on having children while living in your new home, it is essential to find a house that is located in a great school district. This means looking for a home in a community that offers a wide range of educational opportunities that will provide your children with academic and extra-curricular activities that prepare them for their futures. Using the Academic Performance Index, LRO rates public and private schools in the area of the address of interest. The data provided includes: distance, address, student teacher ratio, and student grade population.
- Foreclosure Activity: While foreclosure is unavoidable in nearly all cases, it is something that can have a negative impact on the monetary value of homes in a certain community. This aspect of your report will provide information regarding the foreclosures that have taken place in the area, including auction dates, notices of default, maps, addresses, and how many properties have undergone the foreclosure process.
- Property Details: Another issue that can impact the value of your potential new home (or, more accurately, how much you should pay for it) is the actual history of the house and surrounding properties. This aspect of the report offers detail regarding transaction history, property real value, assessor map, comparables, and more.
- Demographics: While you certainly do not necessarily base your home buying decision on your potential new neighbors, you probably want to move into a community that is also home to other people your age. For instance, you may want to live in a neighborhood that houses families who have kids similar in age to your own. As such, understanding the demographics of the area is a good way to gauge the lifestyle embraced by the neighborhood.
While a report generated by LRO is an investment, it is one that can help you make the right decision regarding whether or not to place an offer on a specific home. Remember that, when you buy a house, you are also buying into the community in which it is situated. It is important that this is a community you will love—not one you will want to move out of.
The professionals at Local Records Office are standing by to assist you with your needs. Simply contact them and provide them with the address of the property in which you are interested. From there, just finalize your payment and wait for these pros to send you your report. With the help of this report you can make certain that you are investing in the right home for your family. Local Records Office wishes you the best of luck with your house search and hopes to provide you with the information you need to make an informed decision.
I can't believe how much time LRO saved me with the property report, I hate making huge lines at the County Office. Thanks Local Records Office!
When I received my property profile from Local Records Office I was amazed because it had information about my neighborhood and to be more specific it has my neighbors name which I did not know since I am new here.
I agree with you Kelley, $89.00 is absolutely worth it.
I think $89.00 is worth it for a Property Profile because Local Records Office saved me a lot of time.
LRO has a great Customer Service!
My sister and I bought a house ten years ago and we decided to transfer the Property Title under my sister's name but when we bought the Property Profile with Local Records Office we found out that the Property Title was under the person who helped us with the process our "Realtor".
Awesome design, congrats for the new site.