Things that make you go hmmm…

[briansd1]

[quote=UCGal]
I disagree that it’s ok to keep things off the books – taxes are involved. Property taxes for sure. Although the county can assess at the value at the time – not the transaction amount. I don’t remember if the City of San Diego has a transfer tax – I seem to recall they do… if so, that would be based on the REAL sales price, not the reported sales price.
[/quote]

We’ll see soon enough what that property is assessed at when the next property tax bills come out.

Someone who is interested in that neighborhood should keep an eye on it.

[UCGal]

[quote=briansd1]
For example if you couldn’t (or wouldn’t) record the purchase of your property (and inform the public of that) who’s to say that someone else didn’t buy that same property before you did and thus has superior claims to the property.[/quote]

In this case – it’s clear who the owner of record is and who the lender is. (The previous owner).

[UCGal]

[quote=briansd1]
For example if you couldn’t (or wouldn’t) record the purchase of your property (and inform the public of that) who’s to say that someone else didn’t buy that same property before you did and thus has superior claims to the property.[/quote]

In this case – it’s clear who the owner of record is and who the lender is. (The previous owner).

[UCGal]

[quote=briansd1]
For example if you couldn’t (or wouldn’t) record the purchase of your property (and inform the public of that) who’s to say that someone else didn’t buy that same property before you did and thus has superior claims to the property.[/quote]

In this case – it’s clear who the owner of record is and who the lender is. (The previous owner).

[UCGal]

[quote=briansd1]
For example if you couldn’t (or wouldn’t) record the purchase of your property (and inform the public of that) who’s to say that someone else didn’t buy that same property before you did and thus has superior claims to the property.[/quote]

In this case – it’s clear who the owner of record is and who the lender is. (The previous owner).

[UCGal]

[quote=briansd1]
For example if you couldn’t (or wouldn’t) record the purchase of your property (and inform the public of that) who’s to say that someone else didn’t buy that same property before you did and thus has superior claims to the property.[/quote]

In this case – it’s clear who the owner of record is and who the lender is. (The previous owner).

[SD Realtor]

The transaction was done by two private individuals. The recording is ENTIRELY the choice of those that are involved. Contrary to your self proclaimed right of entitlement, those parties have the choice to record or not record.

The assessors office will decide to assess the property at whatever valuation they feel is of fair value regardless of the recording.

The sale of the home was not on the MLS, the sale will not be used as a comp by some appraiser.

***********

What it sounds like to me is that it really is not yours or my business on this sale. Try to remember that the seller has every right to sell the home at whatever price they want to sell it at, to whoever they want to sell it at.

[SD Realtor]

The transaction was done by two private individuals. The recording is ENTIRELY the choice of those that are involved. Contrary to your self proclaimed right of entitlement, those parties have the choice to record or not record.

The assessors office will decide to assess the property at whatever valuation they feel is of fair value regardless of the recording.

The sale of the home was not on the MLS, the sale will not be used as a comp by some appraiser.

***********

What it sounds like to me is that it really is not yours or my business on this sale. Try to remember that the seller has every right to sell the home at whatever price they want to sell it at, to whoever they want to sell it at.

[SD Realtor]

The transaction was done by two private individuals. The recording is ENTIRELY the choice of those that are involved. Contrary to your self proclaimed right of entitlement, those parties have the choice to record or not record.

The assessors office will decide to assess the property at whatever valuation they feel is of fair value regardless of the recording.

The sale of the home was not on the MLS, the sale will not be used as a comp by some appraiser.

***********

What it sounds like to me is that it really is not yours or my business on this sale. Try to remember that the seller has every right to sell the home at whatever price they want to sell it at, to whoever they want to sell it at.

[SD Realtor]

The transaction was done by two private individuals. The recording is ENTIRELY the choice of those that are involved. Contrary to your self proclaimed right of entitlement, those parties have the choice to record or not record.

The assessors office will decide to assess the property at whatever valuation they feel is of fair value regardless of the recording.

The sale of the home was not on the MLS, the sale will not be used as a comp by some appraiser.

***********

What it sounds like to me is that it really is not yours or my business on this sale. Try to remember that the seller has every right to sell the home at whatever price they want to sell it at, to whoever they want to sell it at.

[SD Realtor]

The transaction was done by two private individuals. The recording is ENTIRELY the choice of those that are involved. Contrary to your self proclaimed right of entitlement, those parties have the choice to record or not record.

The assessors office will decide to assess the property at whatever valuation they feel is of fair value regardless of the recording.

The sale of the home was not on the MLS, the sale will not be used as a comp by some appraiser.

***********

What it sounds like to me is that it really is not yours or my business on this sale. Try to remember that the seller has every right to sell the home at whatever price they want to sell it at, to whoever they want to sell it at.

[briansd1]

[quote=SD Realtor]those parties have the choice to record or not record.

The assessors office will decide to assess the property at whatever valuation they feel is of fair value regardless of the recording.
[/quote]

That’s what I always said.

[quote=SD Realtor]
The sale of the home was not on the MLS, the sale will not be used as a comp by some appraiser.
[/quote]

It would depend on whether the appraiser feels that it’s a comp for neighboring properties or not. An appraiser may chose to exclude that property or not. There are not many properties like this one so the appraiser may have no choice to be include it in a report; or he may go out of area to find a comp.

[quote=SD Realtor]
What it sounds like to me is that it really is not yours or my business on this sale. Try to remember that the seller has every right to sell the home at whatever price they want to sell it at, to whoever they want to sell it at.[/quote]

Sales of land is everyone’s business because it affects us all.

Sellers can sell at whatever price they want, but the public is entitled to know the owner of record and the assessed value.

It’s important to have public scrutiny because it keeps people honest. If citizens couldn’t see the assessed value of land, then sweetheart deals could be worked out between public officials and landowners.

I see nothing wrong with discussing, or speculating upon the sales of properties around us. That is actually what an appraiser does. He looks at the records and determines value based on his own experience and judgments.

If people don’t like their real estate transactions discussed, they should not be in real estate.

[briansd1]

[quote=SD Realtor]those parties have the choice to record or not record.

The assessors office will decide to assess the property at whatever valuation they feel is of fair value regardless of the recording.
[/quote]

That’s what I always said.

[quote=SD Realtor]
The sale of the home was not on the MLS, the sale will not be used as a comp by some appraiser.
[/quote]

It would depend on whether the appraiser feels that it’s a comp for neighboring properties or not. An appraiser may chose to exclude that property or not. There are not many properties like this one so the appraiser may have no choice to be include it in a report; or he may go out of area to find a comp.

[quote=SD Realtor]
What it sounds like to me is that it really is not yours or my business on this sale. Try to remember that the seller has every right to sell the home at whatever price they want to sell it at, to whoever they want to sell it at.[/quote]

Sales of land is everyone’s business because it affects us all.

Sellers can sell at whatever price they want, but the public is entitled to know the owner of record and the assessed value.

It’s important to have public scrutiny because it keeps people honest. If citizens couldn’t see the assessed value of land, then sweetheart deals could be worked out between public officials and landowners.

I see nothing wrong with discussing, or speculating upon the sales of properties around us. That is actually what an appraiser does. He looks at the records and determines value based on his own experience and judgments.

If people don’t like their real estate transactions discussed, they should not be in real estate.

[briansd1]

[quote=SD Realtor]those parties have the choice to record or not record.

The assessors office will decide to assess the property at whatever valuation they feel is of fair value regardless of the recording.
[/quote]

That’s what I always said.

[quote=SD Realtor]
The sale of the home was not on the MLS, the sale will not be used as a comp by some appraiser.
[/quote]

It would depend on whether the appraiser feels that it’s a comp for neighboring properties or not. An appraiser may chose to exclude that property or not. There are not many properties like this one so the appraiser may have no choice to be include it in a report; or he may go out of area to find a comp.

[quote=SD Realtor]
What it sounds like to me is that it really is not yours or my business on this sale. Try to remember that the seller has every right to sell the home at whatever price they want to sell it at, to whoever they want to sell it at.[/quote]

Sales of land is everyone’s business because it affects us all.

Sellers can sell at whatever price they want, but the public is entitled to know the owner of record and the assessed value.

It’s important to have public scrutiny because it keeps people honest. If citizens couldn’t see the assessed value of land, then sweetheart deals could be worked out between public officials and landowners.

I see nothing wrong with discussing, or speculating upon the sales of properties around us. That is actually what an appraiser does. He looks at the records and determines value based on his own experience and judgments.

If people don’t like their real estate transactions discussed, they should not be in real estate.

[briansd1]

[quote=SD Realtor]those parties have the choice to record or not record.

The assessors office will decide to assess the property at whatever valuation they feel is of fair value regardless of the recording.
[/quote]

That’s what I always said.

[quote=SD Realtor]
The sale of the home was not on the MLS, the sale will not be used as a comp by some appraiser.
[/quote]

It would depend on whether the appraiser feels that it’s a comp for neighboring properties or not. An appraiser may chose to exclude that property or not. There are not many properties like this one so the appraiser may have no choice to be include it in a report; or he may go out of area to find a comp.

[quote=SD Realtor]
What it sounds like to me is that it really is not yours or my business on this sale. Try to remember that the seller has every right to sell the home at whatever price they want to sell it at, to whoever they want to sell it at.[/quote]

Sales of land is everyone’s business because it affects us all.

Sellers can sell at whatever price they want, but the public is entitled to know the owner of record and the assessed value.

It’s important to have public scrutiny because it keeps people honest. If citizens couldn’t see the assessed value of land, then sweetheart deals could be worked out between public officials and landowners.

I see nothing wrong with discussing, or speculating upon the sales of properties around us. That is actually what an appraiser does. He looks at the records and determines value based on his own experience and judgments.

If people don’t like their real estate transactions discussed, they should not be in real estate.

[Author]

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