Is the requirement to verify property sales information by a party involved in the transaction limited to the grantor or grantee?
Sales verification is an essential part of the research underlying the data used to support an appraisal and the degree of inquiry should be commensurate with the scope of work of the appraisal assignment. Verification can be with any party involved in the transaction that has sufficient knowledge of the specific components of the sale to provide insight into the considerations and motivations that lead to the agreed upon sale price at the date of sale. 41. ยง24.102(f) Can an agency use the Global Settlement method when negotiating the acquisition of property for federal and federal-aid projects? This method as currently defined is the combining of just compensation for acquired real property including incidental acquisition expenses and all relocation benefits in the offer of settlement by the acquiring agency. In most acquiring agencies this settlement offer is made prior to the expenditure of relocation expenses by the property owner or tenant? The Uniform Act and implementing regula
Related Questions
- Do they use a sales contract to spell out the terms of the sale and allow each party to define their expectations of the transaction?
- Is the requirement to verify property sales information by a party involved in the transaction limited to the grantor or grantee?
- How does the locate requirement apply to short sales of securities in a Rule 144 transaction?
