No One Knows??

Posted on: Wed, 04/16/2008 - 15:22

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No One Knows??

Hey folks - posted a forum question a couple of weeks ago and have gotten no repsonse so I thought I'd try again - anyone have any idea what the term "transfer value" refers to in listing information about a home? I have seen it on a few information sheets I've checked on and cannot find the term in any real estate glossary page, etc.
Help?

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by mspillman
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Posted on: Wed, 04/16/2008 - 18:21 #1

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It means the last price at

It means the last price at which the house was sold (transferred). (This may be zero if for example it was the previous owner deeding it into a living trust with no change in beneficiary. This is often a tax exempt transaction.)

You will typically see it in title reports or on county (recorder) web sites.

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