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Click here to search comparable sales of your property.
INSTRUCTIONS
To search comparable sales of your property, please follow the steps below. The sales listed are closed sales transactions in 2022, and are considered good, arm’s length transactions.
North Carolina General Statute 105-283 defines Market Value as “the most probable price, expressed in monetary terms, which a property would bring if exposed for sale in the open market in an arm’s length transaction between a willing seller and buyer, both of whom are knowledgeable of all adapted or capable uses of the property.”
The International Association of Assessment Administration (IAAO) defines Arm’s-Length Transaction as “(1) A sale between a willing buyer and a willing seller who are reasonably knowledgeable of market conditions, are unrelated, and are not acting under duress, abnormal pressure, or undue influences. (2) A sale between two unrelated parties, both seeking to maximize their positions from the transaction.”