Real Estate
Real estate information is fundamentally geospatial in nature. In simplest terms, geospatial technology is about location. And like real estate, it is about displaying, manipulating, analyzing, and utilizing information about a particular location. The real power of geospatial technologies is in data integration and analysis which allow you to integrate a wide variety of data into an easy-to-understand format, a map. Geospatial technology links location to information to help make better, more informed decisions and to make those decision more quickly.
There are geospatial solutions for all segments of the real estate industry. From visual presentations of the desirability and value of a property for realtors to sophisticated investment analysis for commercial developers, geospatial tools offer a powerful way to manage and maintain real estate data and increase efficiencies for storing, retrieving, processing, and editing information. But it is not just realtors and commercial developers who can benefit. Appraisers, title companies, multiple listing services, property owners, banks, and land managers also deal with spatially-oriented information and geospatial technology can prove to be a valuable tool in locating, evaluating, and managing real estate properties.
Lanworth offers multiple services to companies involved with real estate. These services include:
- Ownership Data - Lanworth has an enormous archive of landownership data. This includes maps and shapefiles of land ownership for many counties throughout the US. This data can support numerous processes in real estate, such as finding a property that meets a particular investors needs. This data is availble in electronic and plat book forms
- Higher-Better-Use (HBU) Analysis - Lanworth has developed a very sophisticated data set and analysis engine that helps large land owners determine the HBU value of each property. It produces a "virtual appraisal" of each parcel that shows its value in its new use as opposed to its old use. Lanworth's HBU analysis can help in devising sound acquisition and divestiture strategies.
- Land/Legal Records Management - Large real estate organizations often find themselves mired in paper land records and related legal records. Managing this information can be a nightmare. Furthermore, maintaining this information in paper format can be very risky. What would happen if all of your land records were damaged in an office fire or office flood? Lanworth offers a complete turn-key solution for this. Lanworth can scan and index all of you land and legal records in weeks and load them into a document management system that is fully searchable. This will enable you to find a deed in just seconds rather than hours or days, and it eliminates the risk of lost or damaged paper records. Recent natural disasters such as Hurricane Katrina, have shown how vulnerable paper records are.
- Demographic Analysis - Demographics is one of the most important drivers of real estate value, and true demographic analysis requires very sophisticated GIS modeling. Lanworth has the data, tools, and expertise to provide this analysis.
- Site Selection - Site selection can be greatly enhanced by applying both remote sensing and GIS technologies. Site selection requires the quantification of real estate attributes that are often very difficult to quantify, such as estimating the amount of cut-and-fill dirt work required, but GIS tools and remote sensing data can make site selection much more efficient and precise. Lanworth can provide both the data and site selection analysis needed.
Lanworth News items about real estate: