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October 17, 2011 (Regular Meeting) <br />Page 661 <br />This questionnaire is strictly confidential and NOT open to public <br />inspection. Please confirm the preprinted information above, complete the <br />remainder of the form and return it within ten (10) days. We have enclosed a <br />self - addressed, stamped envelope for your convenience. Please contact our <br />Real Estate Appraisal Department at (704)920 -2178 if you have any questions. <br />Thank you for your assistance. <br />Cabarrus County Real Property Manager <br />Name of person completing form: <br />Daytime Telephone Number:( <br />1. Total Purchase Price: <br />2. Is this sale between relatives /related businesses? Yes No <br />3. Was this an auction /foreclosure sale? Yes No <br />4. Is the property being rented? Yes No Rent per month $ <br />5. Was any personal property exchanged in this sale (mobile home, <br />furniture, machinery, etc.)? Yes No If so, what? <br />6. Do you consider the total sales price to be the fair market value of <br />the real estate on the date of the sale? Yes No If no, explain: <br />7. At the time of purchase, was the property vacant land or was the home <br />already built? (circle one) <br />8. Type of financing? Conventional FHA VA Owner Other <br />explain <br />Signature: <br />Date: <br />STEP 1 DEED DISQUALIFICATION SALES. This step entails examining deeds for <br />any conditions or statements which might indicate the sale was not an "arm's <br />length" transaction. Those deeds having ANY of the following conditions <br />should be entered on the maintenance document as an unqualified sale using <br />the disqualification codes found in this chapter: <br />1. Quit claim, corrective or tax deeds <br />2. State documentary stamps, $.50 <br />3. Same family name as to grantee and grantor <br />4. Deeds from or to banks or loan companies <br />5. Deeds indicating a trade or exchange or conveying less than whole <br />interest, i.e. life estates, etc. <br />6. Deeds including live stock or personal property, i.e. trucks, <br />equipment, cattle, etc. <br />7. Multi - parcel sales unless the amount paid for each parcel is <br />specified <br />8. Deeds including exchanges of real or personal property <br />9. Deeds to or from any of the following <br />Administrators Clerks of Court <br />Executors County Commissioners <br />Guardians Counties <br />Receivers Trustees of Internal Imp. Fund <br />Sheriffs Cities and /or municipalities <br />Masters United States of America or Federal <br />Agencies <br />Churches Utility Companies <br />Lodges Educational Institutions <br />Fraternal Institutions <br />Benevolent Institutions <br />STEP 2 SALES RESEARCH. <br />Sales Qualification Procedures <br />Support staff is to qualify sales only from sales questionnaires, property <br />owners, or information provided by appraisers and realtors. Sales qualified <br />