Prior Sale and Transfer History

The Prior Sale and Transfer History section includes information and analysis regarding the recent transfer history of the subject property, and of the comparables appearing in the Sales Comparison Approach section. This section provides space for analysis and exhibits.

The Prior Sale and Transfer History section always displays in the report.

Subject Transfer History#

The Subject Transfer History subsection and the italicized text "Prior sales and/or transfers of the subject property (minimum 3 year look back)" always display. This subsection provides information regarding the prior sales or transfers of the subject property, with a minimum three-year lookback. This subsection must not include information for the current sale.

➢ When there are no prior sales or transfers for the subject property, PriorSalesOrTransfersIndicator (UID: 0800.0005, FID: 21.000) = "false", the following information is required, and the Subject Transfer History detail table does not display:

• Prior Sales or Transfers - Display the text "None" next to the report label. (Figure 21 - 1)
• Data Source - Display one or more values for DataSourceType (UID: 0700.0125, FID: 21.001).
  • When there are multiple data sources, display them stacked.
  • A relationship is required for each subject property data source. (See Arcrole/Data Relationships)
• Analysis of Prior Sale and Transfer History of Subject Property - A comment is required in ValuationCommentText (UID: 1600.0008, FID: 21.006) with ValuationAnalysisCategoryType (UID: 1600.0009, FID: 21.006) = "SubjectPriorSalesAndTransferHistory"

Figure 21 - 1

➢ When there are one or more prior sales or transfers for the subject property, PriorSalesOrTransfersIndicator (UID: 0800.0005, FID: 21.000) = "true", information is required for each prior sale or transfer and must display on a separate line in the detail table.

Subject Transfer History detail table:

• Transfer Terms - When OwnershipTransferTransactionType (UID: 0800.0018, FID: 21.002)
  • = "DeedTransferOnly", display "Deed Transfer Only"
  • = "Sale", do not display OwnershipTransferTransactionType, display SaleType (UID 0800.0013, FID: 21.002) (e.g., Typically Motivated, Short Sale, Estate Sale, etc.)
• Date - Display OwnershipTransferDate (UID: 0800.0011, FID: 21.003)
• Amount - Display OwnershipTransferTransactionAmount (UID: 0800.0012, FID: 21.004) when provided, else display OwnershipTransferAmountNotAvailableReasonType (UID: 0800.0009, FID: 21.004)
• Data Source - DataSourceType (UID: 0700.0125, FID: 21.005) Display one or more data sources for each sale or transfer. When there are multiple data sources display them stacked. (Figure 21 - 2)
  • A relationship is required for each subject property data source. (See Arcroles/Data Relationships)
• Analysis of Prior Sale and Transfer History of Subject Property - A comment is required in ValuationCommentText (UID: 1600.0008, FID: 21.006) with ValuationAnalysisCategoryType (UID: 1600.0009, FID: 21.006) = "SubjectPriorSalesAndTransferHistory".

Figure 21 - 2

Comparable Transfer History#

The Comparable Transfer History subsection always displays.

The Comparable Transfer History table displays sales that occurred within one year prior to the sale or listing reported in Sales Comparison Approach. Do not repeat the same information reported in the Sales Comparison Approach section.

➢ When there are no prior sales or transfers for a comparable, PriorSalesOrTransfersIndicator (UID: 1800.0198, FID: Not on report) = "false", a subset of data is required. (Figure 21 - 3)

• # - PropertyOrdinalNumber (UID: 1800.0192, FID: 21.007)
• Transfer Terms - The text "None" displays.
• Data Source - DataSourceType (UID: 0700.0125, FID: 21.005) Display one or more data sources.
  • When there are multiple data sources display them stacked. ➢ When PriorSalesOrTransfersIndicator (UID: 1800.0198, FID: Not on report) = "true", additional information is required.
  • # - Display the PropertyOrdinalNumber (UID: 1800.0192, FID: 21.007), this number (commonly referred to as the "Comp number") is the numerical order for the table. There is a single PropertyOrdinalNumber for a given property, the same number displays here and in the Sales Comparison Approach (ValuationUseType = "SalesComparable").
  • Transfer Terms - When PriorSalesOrTransfersIndicator (UID: 1800.0198, FID: Not on report) = "true" AND OwnershipTransferTransactionType (UID: 1800.0209, FID: 21.008)
    • = "DeedTransferOnly", display "Deed Transfer Only"
    • = "Sale", do not display OwnershipTransferTransactionType, display SaleType (UID: 1800.0210, FID: 21.008) (e.g., Typically Motivated, Short Sale, Estate Sale, etc.)
  • Date - OwnershipTransferDate (UID: 1800.0207, FID: 21.009) Display for each Comparable, in Transfer Date order starting with the most recent.
    • When one comparable property has multiple sales or transfers, each should display on a separate line in the table, in transfer date order beginning with the most recent. (Figure 21 - 3)
  • Amount - Provide OwnershipTransferTransactionAmount (UID: 1800.0208, FID: 21.010) when available, else provide OwnershipTransferAmountNotAvailableReasonType (UID: 1800.0205, FID: 21.010)
  • Data Source - DataSourceType (UID: 0700.0125, FID: 21.011) Display one or more data sources for each sale or transfer. When there are multiple data sources display them stacked. (Figure 21 - 3)
    • A relationship is required for each subject property data source. (See Arcroles/Data Relationships)
  • Analysis of Prior Sale and Transfer History of Comparable Sales - A comment is required in ValuationCommentText (UID: 1600.0008, FID: 21.012) with ValuationAnalysisCategoryType (UID: 1600.0009, FID: 21.012) = "ComparablesPriorSalesAndTransferHistory"

Figure 21 - 3

Prior Sales and Transfer History Exhibits#

The Prior Sales and Transfer History Exhibits subsection displays only when images are provided.

• Any images included must be delivered using ImageCategoryType (UID: 1400.0638, FID: 21.013.1) = "PriorSaleAndTransferHistoryExhibit".
• An image caption should be included using ImageCaptionCommentDescription (UID: 1400.0640, FID: 21.013.2)

Prior Sales and Transfer History - Arcrole Relationships#

Arcrole relationships establish "relationships" or linkages in the XML data file that may be visually obvious on the URAR Report. In the XML data specific instances of data points or containers must be connected to properly represent the information.

• Containers or datapoints to be linked are identified using "xlink:label."
• The RELATIONSHIP container holds the xlink:arcrole, xlink:from, and xlink:to attributes that describe the data relationships.

There are four arcrole relationships relevant to the Prior Sales and Transfer History section.

• Subject Property
  • DATA_SOURCE to SALES_HISTORY
  • DATA_SOURCE to PriorSalesOrTransfersIndicator
• Sales Comparable
  • DATA_SOURCE to SALES_HISTORY
  • DATA_SOURCE to PriorSalesOrTransfersIndicator

DATA_SOURCE to SALES_HISTORY (Subject Property)#

When the data source is associated with a subject property, provide the relationship that joins the applicable instance of SALES_HISTORY where the ValuationUseType = "SubjectProperty" and there are prior sales or transfers.

DATA_SOURCE to SALES_HISTORY (Sales Comparable)#

When the data source is associated with a sales comparable, provide the relationship that joins the applicable instance of SALES_HISTORY where the ValuationUseType = "SalesComparable" and there are prior sales or transfers.

DATA_SOURCE to PriorSalesOrTransfersIndicator (Subject Property)#

When the data source is associated with a subject property, provide the relationship that joins the PriorSalesOrTransfersIndicator data point where the ValuationUseType = "SubjectProperty" and there are no prior sales or transfers.

DATA_SOURCE to PriorSalesOrTransfersIndicator (Sales Comparable)#

When the data source is associated with a sales comparable, provide the relationship that joins the PriorSalesOrTransfersIndicator data point where the ValuationUseType = "SalesComparable" and there are no prior sales or transfers.

Refer to the section Arcrole/Data Relationships in the MISMO XML Version 3.6 chapter for additional information.