- [Narrator] Hey, there everybody, this is Seth
and I'm going to show you in this video
how to use RealQuest Professional.
RealQuest Professional is a service that I've been
hearing about a lot over the past few months.
It is a service by CoreLogic.
For the purpose of this video, I just want to show
you how to do the research function.
And this particular subscription that I'm using right here,
I think it's called the starter package,
and their subscriptions are not cheap.
This one I believe starts at 150 bucks a month.
Again, you have to subscribe for 12 months.
So, really only serious investors need apply here.
But if you do have that kind of budget,
it does have some pretty nice capabilities.
With this particular package,
you only get access to one county,
but if you're willing to pay a little bit more,
I think the other prices are 225 bucks a month,
and 275 bucks a month at the time of this recording anyway.
If you're willing to pay for those,
you can actually pull these from any county,
anywhere in the country.
So, if you're running a business where you only need
access to one county,
then you can probably get by
with the cheaper starter package,
but if you need to get access to everything,
then you should probably be ready
to pony up a little bit more cash
because it's going to cost a little bit more.
With that being said, in order to do research on a property,
there's a couple of different places you can go.
This right here is the map function,
right over here on the left,
and as you can see this is just a map.
You can also go over here, and do it this way,
where you would just type in either the address
or the owner's name, or the parcel number,
and then you can pull up a lot of this information.
But, I'm going to show you how to do the map one,
because I think it's a little bit easier to use.
For the purpose of this video,
the property that we are going to research
is the Del Coronado Hotel in San Diego.
So, we're going to type in the address right here.
San Diego, California, do a little search
and that gives us these options.
We'll just pick this one right there.
Then that brings us right here
and the first thing you can see
is that it shows us a little parcel map here.
So that's pretty nice if you want to understand exactly
where the property boundaries are.
That's pretty helpful.
In terms of what you can pull up,
for this particular subscription,
several of these things I can get basically
as part of a cost.
I can pull 150 of these per month.
So, just in terms of showing you what you get
as part of the subscription without having to pay more,
it's these right here.
Property details, comparables, street map plus,
so we're going to go ahead and click view reports,
and that is going to give us this right here.
This is going to show us a lot of information.
Some of it may be useful, some of it might not be.
But it's really all here
so you can see the owner's name.
You can see the legal description.
You can see the sale price.
Wow, that was not a cheap property.
You can see how it was deeded.
You can see who the title company was,
the mortgage amount,
you can also go down here and see the total value
and the land value
just based on the county's assess valuation.
Then you can go down here, and by the way,
this stuff is all public record.
You could probably find this stuff for free
if you knew where to look,
but the nice thing about RealQuest is that it pulls
all this information for you and compiles it
into a much easier to use format
where everything is kind of in the same predictable place.
Just in terms of convenience, you're going to save yourself
a ton of time and mental energy if you are willing to pay
for this kind of service.
Then you can get on here and you can see more information
about the sale price.
You can check out a street map,
and you can see where the property's located
in relation to the surrounding properties.
You can also see this stuff down here.
It looks like a few of these things, I actually don't have
access to with this particular subscription.
Then listing and market activity,
it looks like I do not have access to that stuff either,
but in terms of what's important,
and what people would want to know before they start
moving forward with a property,
a lot of this stuff is going to be available to you
with this particular function.
There's also this comparable sales report,
not really sure how it's picking these properties,
but there is that, in case you're interested in that.
So, anyway, hopefully that at least gives you an idea
of what you can expect from the property research function
in RealQuest.
That's how it works.
It's just as easy as that,
punching in the address and finding the property
and that's all there is to it.
Then again, you can also see the actual parcel lines
here and just so you know, I am not affiliated
with CoreLogic or RealQuest in any way.
So, it's really no concern of mine
whether or not you use this.
I just wanted to make you aware of how this service works
and what's available and what you can expect if you decide
to sign up for it yourself.
Hopefully that's helpful.
Thanks for watching, and I'll see you again soon.