I’ve used it a bit. - Posted by Jack Z.
Posted by Jack Z. on May 03, 1999 at 13:15:08:
About the First American data, I’ve used it as part of the data resources available to me in my commercial appraisal office. From what I can tell, it’s a great resource. It’s perfect for doing the things you mentioned, especially finding comps based upon your own parameters, and you can do some pretty neat searches with it, too. One function that seems particularly cool is the ability to not only find comps, but map them as well. I haven’t actually done that, but I saw it done in a demonstration, and it was impressive. What’s more, the data is updated every month by way of a new, mailed CD, so you can stay on top of things in your market.
As far as comparing it to MLS, I can’t say, because I’ve never used MLS. But it seems to me that the First American stuff is a great asset. Moreover, Ron LeGrand highly recommends a subscription to some sort of data service like that. It’s not cheap, but what is that’s valuable?
The best thing for you to do is to really see “what’s under the hood” for the next 30 days. Try it out, wear it out, and then fill us all in again on your findings.