Sales Reports

VALID SALES - The sales reports presented here contain the sales in our records, as of the indicated date, which we have determined to be valid for purposes of valuation. Invalid sales are not listed. Examples of some of the circumstances that invalidate sales are:

 

Multi-parcel sales, sales between relatives or former relatives, auctions, foreclosures, marital settlements, estate settlements, buyer or seller is a governmental agency or lending institution, and other unusual circumstances of duress or distress.

 

Abnormally high-priced sales are also eliminated. These sales sometimes result from an untypical desirability for the property class. An example would be a business that buys a residential property for business expansion and therefore pays a premium price, in order to convince the seller to sell a property, which was not otherwise on the market. This is not the price a residential buyer would normally pay for this property.

 

Although efforts have been made to represent only valid sales in this report, there is a possibility of some erroneous listings due to insufficient or incorrect evidence in our records at the time the report was prepared. This list, therefore, is constantly subject to revision. For this reason, it should not be assumed that any particular sales were or were not used in this year’s valuation work relative to any specific properties. Public comment is welcomed.

 

Comparative Sales Valuation: This method takes into account many factors in addition to the square footage of living area. These factors include construction quality, overall condition, number of baths, exterior siding and others. Square footage is presented only to serve as a "quick" comparison tool.

 

The sales reports presented here contain the sales in our records, as of the indicated date, which we have determined to be valid for purposes of valuation. They would be used by qualified appraisers and assessors to determine market value.