Certificate Of Real Estate Value Form PDF Details

When it comes to the sale or purchase of a piece of real estate, having a certificate of real estate value can ensure that everyone is on the same page with regards to the worth of the property. This form provides all interested parties with an accurate estimate of what the property is worth at a given time, which can be especially helpful in instances where there is disagreement about the property's value. If you're looking to get a certificate of real estate value for your property, here's what you need to know.

Question	Answer
Form Name	Certificate Of Real Estate Value Form
Form Length	2 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	30 sec
Other names	sd value form, sd 56 7 4, pt 56 form, sd 56 form

Form Preview Example

CERTIFICATE OF REAL ESTATE VALUE [SDCL 7-9-7(4)]

COURTHOUSE USE ONLY

Book ______ Page _______

State of South Dakota, County of

________________________________

Ratio Card No._________

Seller(s):

(

)

Name

Phone Number

Mailing

Address

__________________________________________________

___________________________________________________

Street/Box

Number

City

State/Zip Code

Buyer(s):

(

)

Name

Phone Number

Current

Mailing

Address

Street/Box

Number

City

State/Zip Code

NEW

Mailing

________________________________________________________________________________________

Address

Street/Box

Number

City

State/Zip Code

OWNER OCCUPIED - THIS BOX TO BE COMPLETED BY BUYER ONLY

These items are important to complete for property to continue to be classified as owner occupied for a lower property tax rate.

	Property is currently classified as owner-occupied	YES_______ NO _______

	Property will be occupied by buyer on ____________(date)	YES_______ NO _______
	Property will be principal residence of buyer on the above stated date	YES_______ NO _______
	Do you own any other residential property in the United States?	YES_______ NO _______ If yes, state location_____________________

Signature (BUYER ONLY) ___________________________________________________________________________________________________

Legal Description (Please include the number of acres for unplatted properties)

(1)Date of Instrument ________________________

(2)Type of Instrument:

Contract for Deed			Warranty Deed
Quit Claim Deed			Trustee's Deed
Quit Claim Deed			Trustee's Deed

Other (specify)

________________________________________

(3) Items Involved in Transaction
(a) Was this property offered for sale to the general public		YES
		YES
(b) Relationship between buyer and seller?		YES
(b) Relationship between buyer and seller?		YES
(c) Was this property sold by owner	agent

	Executor's Deed		Mineral Deed
	Administrator's Deed		Gift

NO		(d) Actual Consideration Exchanged: $		________________


NO		(e) Adjusted price paid for real estate: $			________________

		(actual consideration less amount paid for major items of
		personal property which are listed below)

In the blanks below, list any major items of personal property and their value which were included in the total purchase price (i.e. furniture, inventory, crops, leases, franchises):


(4) Was there Buyer Financing	YES	NO
(a) Type of Buyer Financing - check where applicable
	Like Kind Exchange
Conventional Bank Loan
	Assumed Mortgage
Cash Sale
	Farm Credit Service
FHA, FmHA, SDHA Loan
	[must complete part (b)]
Contract for Deed

If yes, items (a) and (b) below MUST

be completed (b) Contract for Deed

YES

(If yes, MUST comlete items below)

Down Payment _

__________________________________

Monthly/Yearly Payment

_____________

Interest Rate

__________

No. of Payments

__________

Balloon Payment

__________

__________________________________________________	__________________________________
	Date
Signature of seller, Buyer, or agent of _________________________________

PT 56 (Rev 06/05) Form required pursuant to SDCL 7-9-7(4) and Administrative Rule 64:04:01:06.01

CERTIFICATE OF REAL ESTATE VALUE [SDCL 7-9-7(4)]

As adopted by Administrative Rule 64:04:01:06.01

The Certificate of Real Estate Value form as adopted by administrative rule must be filed with "? any deed or contract for deed dated after July 1, 1988 used in the purchase, exchange, transfer or assignment of interest in real property?"

This would include actual "deeds" such as warranty deed, quit claim deed, grantor's deed, sheriff's deed, trustee's deed,

executor's deed, administrator's deed, mineral deed and similar deeds. Contract for deed would also encompass a memoranda of a contract for deed, and addenda to contracts for deed, and notice of contract for deed.

A statute exception to the form being filed is for the State of South Dakota conveying highway right-of-way (SDCL 7-9-7.3)

Documents that do NOT need to be accompanied with a certificate of real estate value are: Divorce Decree, Probate Decree, Easements.

The Box Labeled Owner Occupied is optional - - if it is completed, it must be completed by and contain signature of Buyer only - - this box cannot be signed by an agent of the buyer, or anyone else. This is important to complete so as the buyer may, if eligible, maintain the classification of owner-occupied on the property and receive the lower property tax

rate

for

that

classification

property.

Any questions on this should be directed to the Property Tax Division of the Department of Revenue and Regulation in Pierre, SD (605) 773-3311

INSTRUCTIONS FOR COMPLETING SD PT-56 (Rev 6/05)
COURTHOUSE USE ONLY - This box is for county courthouse use only	Do Not Use
Seller Information - name, phone number, current mailing address of seller	Required
Buyer Information - name, phone number, current mailing address, new mailing	Required
address of buyer
Owner-Occupied - this box has information to be completed by buyer only . Check either Yes or	Optional
No to each of the questions. For the question "Property will be occupied by buyer
on:" - - fill in date that buyer will be occupying the property
If the buyer owns any other residential property in the US, state where property is located
Legal Description - legal description of property involved in transaction	Required
(1) Date of Instrument Required
(2) Type of Instrument - check which type of instrument is being recorded	Required

(3) Items involved in Transaction

(a) Offered for sale to the general public - -was general knowledge that the property was Required for sale - does not mean it had to be listed with a realtor.

(b)Relationship between buyer and seller Required

	(c) Was the property sold by the owner or an agent	Required
(d)	Actual Consideration Exchanged Required
	(e) Adjusted price paid for real estate - actual consideration less any major items of	Required
	personal property for which consideration was paid.
	List major items of personal property involved in transaction, if any	Optional
(4) Was there Buyer Financing Required
	If yes - - must complete part 4(a) and 4(b)
	(a) Type of Buyer Financing - check type of financing
	(b) Answer if contract for deed
	If yes - must complete all items requested
Signature - Signature of seller, buyer or an agent, declaring an agent of whom		Required
DateRequired

How to Edit Certificate Of Real Estate Value Form Online for Free

Using PDF files online is certainly simple with this PDF editor. Anyone can fill in pt56 form here within minutes. To retain our tool on the leading edge of efficiency, we strive to integrate user-driven capabilities and improvements regularly. We're always thankful for any suggestions - play a vital part in reshaping the way you work with PDF documents. This is what you'll need to do to get started:

Step 1: Press the "Get Form" button in the top part of this webpage to open our tool.

Step 2: With our handy PDF file editor, you can accomplish more than just fill in forms. Try all the features and make your docs look professional with customized textual content incorporated, or modify the original input to perfection - all that supported by an ability to incorporate any kind of photos and sign the file off.

When it comes to blank fields of this specific document, here's what you want to do:

1. While filling in the pt56 form, be certain to incorporate all needed blank fields within its corresponding section. It will help hasten the work, enabling your information to be handled fast and properly.

2. Once your current task is complete, take the next step – fill out all of these fields - Date of Instrument, Type of Instrument, Contract for Deed Quit Claim Deed, Other specify, Warranty Deed, Trustees Deed, Executors Deed Administrators Deed, Mineral Deed Gift, Items Involved in Transaction, a Was this property offered for, agent, YES, YES, d Actual Consideration Exchanged, and e Adjusted price paid for real with their corresponding information. Make sure to double check that everything has been entered correctly before continuing!

YES, e Adjusted price paid for real, and Executors Deed Administrators Deed in sd pt 56

Be very mindful while filling in YES and e Adjusted price paid for real, since this is the section in which a lot of people make mistakes.

Step 3: Soon after proofreading your filled out blanks, click "Done" and you're done and dusted! Sign up with FormsPal today and easily gain access to pt56 form, available for downloading. All changes made by you are preserved , making it possible to customize the document later on as required. FormsPal is focused on the personal privacy of all our users; we ensure that all information put into our tool is confidential.

Certificate Of Real Estate Value Form – Fill Out and Use This PDF

Certificate Of Real Estate Value Form PDF Details

Form Preview Example

How to Edit Certificate Of Real Estate Value Form Online for Free

Certificate Of Real Estate Value Form isn’t the one you’re looking for?

Certificate Of Real Estate Value Form – Fill Out and Use This PDF

Certificate Of Real Estate Value Form PDF Details

Form Preview Example

How to Edit Certificate Of Real Estate Value Form Online for Free

Certificate Of Real Estate Value Form isn’t the one you’re looking for?

Related Documents