Re: appraisals - Posted by Randy -IL-
Posted by Randy -IL- on February 20, 1999 at 09:42:30:
I can understand your frustrations about the county employees. I’m an appraiser. I get so frustrated with some bozos I have to deal with there. Once they figure out that your not going anywhere and you will come back again and again, they suddenly become more helpful. Also, learn their lingo. When you search for a PIN to find a PRC with a green sheet they will understand.
When they say you need to have to the lot number to find anything is bogus. There is ALWAYS more than one way to solve a problem. The plat books you can get at the farm service are almost worthless (unless you are looking at large acreage). At the Assessors office, ask to see their aerials or aerial photos. Every county I have ever been to has them. Just find the picture of the subject property on the photo and you have it made. They have on them the PRC or PIN. Some have the legal description on them. Of course, all the info is coded so you’ll have to figure it out.
What state are you in? In Illinois, when any property is sold, a required form must be filed. This form is called a transfer tax declaration or “green sheet”. And the best news is that it is public record.
All you need to do to find comps is to find out if there is a similar form in your state. Then find out where it is filed. On the form is the sale price, date, and Permanent Index Number (PIN) or Property Record Card number (PRC). This number tells you what card to pull for all the info about a particular property. Follow this and you have comps.
A better way is to buddy up with a Realtor in your town. They have all that info on record at their office. They are kind of a private folk so you may have to give some to get some. I mean, talk like you want to make an offer (you do have to make an offer to buy) Then ask to see their “Comp Book”. This is where the gold lies. You’ll have sale prices and dates, addressess owners, buyers, agents, and more. They won’t let you keep it but you can make notes. Those books cost a small fortune to make and maintain, so be nice about it. Some can run you up to $1000.
Just my $.02,