Lesson 20 · 1:22
Prior Sale and Transfer History
Research the subject's deed history, confirm there's no sale or transfer in the three-year lookback, name the sources and explain the result.
Transcript
Prior Sale and Transfer History
Prior Sale and Transfer History reports the subject's sales and transfers over at least the three years before the effective date, and each comp's over at least the year before its sale. Open it from the section list.
The deed history
Start with the research. Open Property Data, and go to History: the deed transfers from public records, together with the MLS listings. The most recent transfer is a quitclaim deed in April 2017, with no price disclosed. The last sale was in September 2015. Both are well over three years before the effective date, so neither is reported in the table.
None in the lookback
With no transfers entered, Prior Sales or Transfers shows No. Data Source is required with No. We checked the assessor record and the MLS, so add both: Assessor Record, then MLS. Then explain the result in the Analysis of Prior Sale and Transfer History of Subject Property: what we found, and the most recent transfer and sale.
After the comparables
The comps' history needs comps first. We'll come back to their analysis once they're on the sales comparison grid.
Sales Comparison Approach
That's the subject's prior sale and transfer history. Next, we bring the comps onto the sales comparison grid.