- Joined
- Jan 15, 2002
- Professional Status
- Certified General Appraiser
- State
- Georgia
I ran across a sale that I was going to use, and found a difference of what was reported in MLS and public records (surprise.... NOT) so I e-mailed our board AE to let them know about the mistake.
Subject: Correction on listing
This appears to be a simple typo, but needs to be corrected.
Listing 12345, at 123 Easy St. is reported to have sold for $312,000 per MLS. It actually sold for $302,000 as per the deed recorded in deed book zzz, page zzz.
Their response:
So and So (name deleted by me) called this morning and explained that on this particular situation that there was 10,000.00 of personal property originally written in the contract and the attorneys handled it differently at closing.
Maybe this will answer your question.
My response back:
That explains the $10K difference, but personal property is personal. It is NOT real estate and should be noted in the comments, not added to the "sales" price. That is why we have an addendum in the GAR forms package called a "Bill of Sale". The attorney handled it the correct way. Thanks for the info, but the problem is that others will rely upon that sale without the inside knowledge. But, I guess that is why I get paid......to find the truth and protect my lenders' @#$.
Thanks for your help. When I find others that seem to be off, when compared to public records, I will pass them along. Just trying to be as accurate, and the most professional, as is possible.
Subject: Correction on listing
This appears to be a simple typo, but needs to be corrected.
Listing 12345, at 123 Easy St. is reported to have sold for $312,000 per MLS. It actually sold for $302,000 as per the deed recorded in deed book zzz, page zzz.
Their response:
So and So (name deleted by me) called this morning and explained that on this particular situation that there was 10,000.00 of personal property originally written in the contract and the attorneys handled it differently at closing.
Maybe this will answer your question.
My response back:
That explains the $10K difference, but personal property is personal. It is NOT real estate and should be noted in the comments, not added to the "sales" price. That is why we have an addendum in the GAR forms package called a "Bill of Sale". The attorney handled it the correct way. Thanks for the info, but the problem is that others will rely upon that sale without the inside knowledge. But, I guess that is why I get paid......to find the truth and protect my lenders' @#$.
Thanks for your help. When I find others that seem to be off, when compared to public records, I will pass them along. Just trying to be as accurate, and the most professional, as is possible.