OfflineHey folks - posted a forum question a couple of weeks ago and have gotten no repsonse so I thought I'd try again - anyone have any idea what the term "transfer value" refers to in listing information about a home? I have seen it on a few information sheets I've checked on and cannot find the term in any real estate glossary page, etc.
Help?
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It means the last price at which the house was sold (transferred). (This may be zero if for example it was the previous owner deeding it into a living trust with no change in beneficiary. This is often a tax exempt transaction.)
You will typically see it in title reports or on county (recorder) web sites.