I’d be a little careful - Posted by Stacy (AZ)
Posted by Stacy (AZ) on April 12, 2000 at 18:19:54:
George, I use Octitle, and for the most part the data is good. However, I’ve seen errors for the Phoenix area, and I’ve heard others mention the same thing for other areas.
I also use FARES (pay service), I check the tax county records online, and occasionally I get comps from the MLS if I find I need them. One thing to be aware of is that tax record comps need to be further filtered to be sure the properties are like kind, and in the same general condition as your subject. Another check needs to be made to be sure the sales you are using for comparison reflect normal market sales. For example, you will periodically see a few properties listed for much less than the others. These may be properties in bad condition, or they could be foreclosures bought at auction. But the only way to be sure is to check further.
I’ve also seen completely incorrect data in the Octitle database, such as a property listed as sold for 14,500, when it actually sold for 145,000, and the wrong APNs for properties.
Just verify the data, and you should be OK.