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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Determining how much paid for a property... Posted by Alfred CA on October 26, 2001 at 8:26 PM Hi Ward, In addition to my comp work, the purchase amount from the last sale on a property helps to give me a better idea of what that value might be today. The internet sites I use for comping sometimes gives me that info. My question is... let's say the internet site might state the last sale amount as being $230,000. I'm assuming they got that data from the TD/public records and that it is the loan amount. One would have to add the down payment (an additional 3%, 5% or 10%) to that amount to get a better idea of the actual sale price, correct? (In other words, the internet site -- or CMDC for that matter -- shows that a nice place in Glendale sold for 230K, but with the 10% down paymt, 253K was what was paid for it and is the real index of what the property was valued at at the time of the sale.) Am I confused or do I have this right? Thanks for your input. Follow Ups: Re: Determining how much paid for a property... Ward-CA- 10:20 PM, 10/26/01 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Hi Ward, : In addition to my comp work, the purchase amount from the last sale on a property helps to give me a better idea of what that value might be today. The internet sites I use for comping sometimes gives me that info. : My question is... let's say the internet site might state the last sale amount as being $230,000. I'm assuming they got that data from the TD/public records and that it is the loan amount. One would have to add the down payment (an additional 3%, 5% or 10%) to that amount to get a better idea of the actual sale price, correct? (In other words, the internet site -- or CMDC for that matter -- shows that a nice place in Glendale sold for 230K, but with the 10% down paymt, 253K was what was paid for it and is the real index of what the property was valued at at the time of the sale.) Am I confused or do I have this right? Thanks for your input. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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