The property description is a central part of every real estate transaction. With the right property data, it is easier to ensure that the information is correct, up-to-date and complete.
The property description sets high standards
Before every sale, real estate agents need to collect and verify a large amount of information about the property.
Read more about how real estate data is used in practice: /industry-specific-solutions/real-estate-data-for-realtors
- ownership data
- tax assessment data
- building information
- areas and property boundaries
- easements and rights
- physical climate risks
At the same time, work is often done under time pressure.
Where does the risk arise?
The risk of errors in property descriptions often arises when
- information is taken from several different sources
- data is checked manually
- data is not up-to-date
- different versions of information are used
This means that even small discrepancies can have consequences for the business.
Real estate data to support quality assurance
Access to quality-assured real estate data makes it easier to work with the information in a structured way.
This means that you can:
- verify data against reliable sources such as real estate information
- work with up-to-date information
- reduce the need for manual checks
- ensure that the right data is used at every stage
From multiple sources to a coherent flow
A common challenge is that information is held in multiple systems.
When real estate data is collected and made available in a coherent flow, it becomes easier to:
- work efficiently
- get a clear overview
- reduce the risk of errors
Also important for forestry and agricultural properties
For more complex properties, such as forestry and agricultural properties, the requirements increase further.
Here, supplementary data, such as forestry analysis and growth data, can contribute to more accurate information in the property description.
Summary of the report
Property data is already part of the estate agent's work. The difference lies in how the information is used.
When data is:
- aggregated
- quality assured
- easily accessible
the risk of errors is reduced - and the quality of the transaction increases.
Want to ensure the quality of your property descriptions?
Find out more about how real estate data is used in practice Real estate data for real estate agents
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About Metria
Metria offers digital solutions and services in GIS, geodata, real estate and business information. Our offering covers the entire chain from identifying the customer's needs for geodata, real estate and business information to collecting, analyzing and visualizing data to create insights that lead to smarter, safer and greener decisions.
Since spring 2022, Metria has been part of Spir Group, a Nordic group with approximately 350 employees in Norway and Sweden. Together, the group's companies create value for the public sector, companies and citizens through an innovative way of managing, analyzing and creating value from data. The goal is to improve public administration, help private companies develop their operations and offer better services to citizens.Starting from public and commercial data and with a deep knowledge of customer needs, value is created through innovative services and solutions.
More information about Spir Group is available at www.spirgroup.com.