Appraiser Must Provide Specific Source. Avoid "Public Records....

[Carnivore]

Here we go for the NC deed stamps.

North Carolina deed stamps, also known as real estate excise tax, are a state and local tax on property transfers. The state tax is $1 for every $500 of the property's value, while some counties have an additional local tax. The tax is paid by the seller (the grantor) to the county Register of Deeds when the deed is recorded.

So for a nonMLS sale you can get within $500 of the actual sales price. This is important if you work rural areas like I have and sale are sparse. . Then I do a past sale search to try and find an old or expired MLS listing of that potential comp.

The things you have to do when you work rural areas with few sale in MLS

 

[Airstream]

The problem in Wisconsin is that it may take a month before the property is recorded in the public county records. Then they will put the warranty deed and the sale price. And good luck getting the data from the assessor that might even be slower yet. Sometimes when I ask for a property record it will take them a week to get it to me. One assessor only sends out the data once a week. And then the other assessor source wants you to pay for every property data record you get.

 

[HVNY]

Yeah but is the value correct?

 

[Carnivore]

In North Carolina we have 100 counties . So the rural counties are very slow in posting deeds and updating records. The appraisers up there laugh at the AMC fee's. Why? Because their is not many of them and I should not say this but they all know each other . Get my drift. Also many have appraised these homes so they have a lot of data.

 

[DTB]

Here we go for the NC deed stamps.

North Carolina deed stamps, also known as real estate excise tax, are a state and local tax on property transfers. The state tax is $1 for every $500 of the property's value, while some counties have an additional local tax. The tax is paid by the seller (the grantor) to the county Register of Deeds when the deed is recorded.

So for a nonMLS sale you can get within $500 of the actual sales price. This is important if you work rural areas like I have and sale are sparse. . Then I do a past sale search to try and find an old or expired MLS listing of that potential comp.

The things you have to do when you work rural areas with few sale in MLS

In Cook County, we've been known to "accidently overpay" tax stamps. Just sayin'

 

[Carnivore]

Paying more in stamps Well that hat happens here also. Some renovators like to do that. It indicates they paid more than they did. So on sale after they renovate it looks like their gains were less, something like that. If they do a lot I guess they come out better with the income tax man So I am not sure because I haven not done that much work like that.

 

[John Hassler]

How do you do that? Access to a Title company database? Prob a dumb question but I've never seen a deed in any of the 3000+ assignments, and maybe 2 dozen prelims during 20 years.

I had all my regular MB clients trained to provide a prelim. Try that with an AMC.

 

[OSU Beavers]

On the top line I list the MLS number or if it is a FSBO the Zillow number. On the second line I list the Deed number for sales and the County TIN for listings.

I also state that: GLA figures varied from MLS, building permit and tax roll records. The most reliable number for the comparable was selected.

 

[ZZGAMAZZ]

On the top line I list the MLS number or if it is a FSBO the Zillow number. On the second line I list the Deed number for sales and the County TIN for listings.

I also state that: GLA figures varied from MLS, building permit and tax roll records. The most reliable number for the comparable was selected.

Curious: regarding GLA discrepancies, do you review each case to determine which source appears to be most accurate, or rely upon a source by default always?

 

[Terrel L. Shields]

ood luck getting the data from the assessor

How about the county clerk and recorder's offices?