cabarrus county board of commissioners regular meeting november ...

October 17, 2011 (Regular Meeting)PageThis questionnaire is strictly confidential and NOT open to publicinspection. Please confirm the preprinted information above, complete theremainder of the form and return it within ten (10) days. We have enclosed aself-addressed, stamped envelope for your convenience. Please contact ourReal Estate Appraisal Department at (704)920-2178 if you have any questions.Thank you for your assistance.Cabarrus County Real Property ManagerName of person completing form:_______________________________Daytime Telephone Number:()_______________________________1. Total Purchase Price:_____________________2. Is this sale between relatives/related businesses? Yes___ No___3. Was this an auction/foreclosure sale? Yes___ No___4. Is the property being rented? Yes___ No___ Rent per month $_______5. Was any personal property exchanged in this sale (mobile home,furniture, machinery, etc.)? Yes___ No___ If so, what?____________________________6. Do you consider the total sales price to be thefair market value ofthe real estate on the date of the sale? Yes___No___ If no,explain:7. At the time of purchase, was the property vacant land or was the homealready built? (circle one)8. Type of financing? Conventional ___ FHA ___VA ___Owner ___ Other ___explain__________________________________________________________________________Signature:__________________________________Date:________________STEP 1 DEED DISQUALIFICATION ICATION SALES.This step entails examining deeds forany conditions or statements tements which mightindicate the sale was not an "arm'slength" transaction. n. Those deeds having ANY of the following conditionsshould be entered on the maintenance document as an unqualified sale usingthe disqualification ation codes foundinthis chapter:1. Quit claim, corrective or tax deeds2. State documentary stamps, $.503. Same family name asto grantee and grantor4. Deeds from or to banks or loan companies5. Deeds indicating icating a trade or exchange or conveying less than wholeinterest, i.e. life estates, etc.6. Deeds including live stock or personal property, i.e. trucks,equipment, cattle, etc.7. Multi-parcel sales unless the amount paid for each parcel isspecified8. Deeds including exchanges of real or personal property9. Deeds to or from any of the followingAdministrators Clerks of CourtExecutorsCounty CommissionersGuardiansCountiesReceiversTrustees of Internal Imp. FundSheriffsCities and/or municipalitiesMastersUnited States of America or FederalAgenciesChurchesUtility CompaniesLodgesEducational InstitutionsFraternal InstitutionsBenevolent InstitutionsSTEP 2 SALES RESEARCH.Sales Qualification ProceduresFTSupport staff is to qualify sales only from sales questionnaires, propertyowners, or information provided by appraisers and realtors. Sales qualifiedA-1Page 42