本帖最后由 xmen010 于 2013-2-26 01:10 编辑
bungyjumping999 发表于 2013-2-26 00:04 
is it true some houses are family transfer / trust transfer that is based on conservative market val ...
yeh,i think you are quite right about the family transfer and trust transfer, whichis possible to explain that bank street case, coz a family or trust cantransfer title based on conservative value which in some cases can be based cvor registered valuation. It’s acceptable for tax purpose as long as it’s nottoo far off the mark, and it’s even more flexible if there is no tax issues involved
however, those figures will be recorded as a normal transaction in thedatabase, and no one knows it's a family transfer other than the partiesinvolved and their lawyers cos agents wont engage in most family/trust transfers
this happens from timeto time, e.g. under the ppty search tools on trademe, there is a section called recent sales which normally shows 3 recent sales close to the one being lookedat, there was a house near my place showed up in that recent sales record whichi never saw any open home nor sold signs, so i guess it might be a familytransfer as the price is relatively low compared to other market sales. But thosetransfers only represent a very small percentage of the whole mkt activities. |