C'mon, we don't have a top 3 ...RealNames said:There is another domain forum (one of the top-3) ...
RealNames said:Can you imagine buying a house with no way of finding out the previous sales prices? Of couse that would make a home appraisal impossible if no old sales data was available.
RMF said:Might be a double-edged sword, but one side is a little sharper then the other. There may be good things that can come from it, but I believe its more negative then anything else....RMF
theparrot said:Yes, I have lived places where many of the sales are recorded as being for $1 and other considerations.
RealNames said:Are you POSITIVE about that? Are you in the US? From what I have seen living in several states (and being familiar with real estate elsewhere), thruout the nation a form is mandated at the home closing which lists the buyer/seller information and correct sales price which needs to match-up with the purchase contract price.
That form is needed for the county tax assessor to reassess correctly based on the last sales price. Normally the form needs to be signed by all parties at closing, but it's possible in some counties the escrow firm/title ins company completes the form. In addition, another form is sent to IRS with your soc sec number by the closing officer regarding the sales price, as required by the govt.
RMF said:So whats happening with this?.
*the exceptional businesses of our esteemed moderators