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Subject:
(100% tip) Competitive Market Analysis on a property using data from March 2002
Category: Business and Money > Accounting Asked by: feedthemonkey-ga List Price: $5.00 |
Posted:
10 Apr 2003 13:30 PDT
Expires: 10 Apr 2003 15:49 PDT Question ID: 188928 |
I am looking for a free or inexpensive (under $30) source for data to do a CMA on a home using data prior to March 2002. I purchased a home from my parents in March 2002. We came up with a 'ballpark' price then, and I've been paying on a note to them. Now, we want to come up with a final price. To keep the IRS happy, we must show competitive market analysis to come up with the price (...lest they say I paid to little and hit us with the gift tax). To do a CMA, I will need final price data on 3-5 similar homes sold in the the 90 days prior to March 1, 2002. These homes must be in my neighborhood (zip 80206), and be similar to mine in size. My house is about 1300sf, 3 bed, 1 bath. I need to adjust house features to make an apples-to-apples comparison. For example, if a similar house sold in the neighborhood has two bathrooms, and my house has one, I need to subtract the 'bathroom value' from that home's sales price. |
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There is no answer at this time. |
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Subject:
Re: (100% tip) Competitive Market Analysis on a property using data from March 2002
From: aceresearcher-ga on 10 Apr 2003 13:45 PDT |
Greetings, feedthemonkey! For the best, accurate, valuation, I recommend a visit to you local city assessor's office. They can help you figure out which homes in your area are closest in type to yours and sold around the same time for a comparison, and this will be far more accurate than a valuation based on any data that can be found on the web. Regards, aceresearcher |
Subject:
Re: (100% tip) Competitive Market Analysis on a property using data from March 2
From: feedthemonkey-ga on 10 Apr 2003 15:40 PDT |
Thank you aceresearcher. I'll pull this question off the board. |
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