Regardless, I'll be sure to let my attorneys know that they should reconsider their legal opinions because there is some random guy on the Internet without a law degree who is so confident they are wrong, he doesn't feel the need to support his assertions with any data?  

Sometimes the data can be overwhelming. 

MLS does have accurate records, as they use the actual numbers when the sale records and agents enter data (or that should be what they're using) I'm not sure where Trulia and Zillow get their numbers, or how accurate they are.Watch properties that are in the area of the one you have, and see what it sells for.

Over our last 30 projects, we've averaged almost exactly $20K profit, with an average resale price just over $100K.Don't know if thats typical or not, but it's one data point.

Hi Robert,Here is a link outlining The Fanie Mae 5- 10 property guidelines:https://www.efanniemae.com/sf/guides/ssg/annltrs/pdf/2009/0902.pdfThis data was from 2009 but I don't think it has changed since.thx,Chris

Probably about as accurate as Zillow since they likely get their info from the same unreliable source.I also like Cyberhomes.com because they have a map that will display property values, and other data, as a color gradient.

So, while the dollar amount of property changing hands increased dramatically during the bubble (I suspect, I couldn't find specific data), the income per agent didn't increase correspondingly because many new agents joined the business.The article makes a second point.

April 16 (Bloomberg) -- U.S. foreclosure filings rose to a record in the first quarter as employers cut jobs in the recession and temporary programs to delay action on defaults came to an end, RealtyTrac Inc. said.A total of 803,489 properties received a default or auction notice or were seized, 24 percent more than a year earlier, the Irvine, California-based seller of default data said in a statement today.

But every time any body produces a meaningful set of data, its been borne out.

other resources could be price history, sale records, current and past tax assessments and Zestimate.Look at al these data and make an offer accordingly.