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Old 07-25-2015, 09:14 AM
Status: "Open for work" (set 10 days ago)
 
Location: Just south of Denver since 1989
11,822 posts, read 34,358,409 times
Reputation: 8950

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Real Estate professionals do not use Z or T as a source for sold information.

We belong and pay for the MLS that has current, real, and relevant data. Appraisers also use MLS data.

Use Z & T for fun, do not use it to accurately price a property.
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Old 07-27-2015, 08:26 AM
 
4,538 posts, read 6,429,262 times
Reputation: 3481
what is the point of a non-disclosure state?

I mean if I am a home buyer, or I am greiving my property taxes I need to see sales records.
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Old 07-29-2015, 08:44 AM
 
3,020 posts, read 8,593,793 times
Reputation: 3282
Quote:
Originally Posted by SandyJet View Post
what is the point of a non-disclosure state?

I mean if I am a home buyer, or I am greiving my property taxes I need to see sales records.

The point? None, really. The reason - a strong real estate lobby dominated by developers, speculators, and others in the business for profit, who do not want the public to know what they paid. This applies mostly to commercial development; many commercial transactions especially in major markets do not go into the MLS system.

This weakens the appraisal process and negatively impacts commercial appraisers like me. Imagine only having access to maybe 10-15% of all sales transactions to use for comps when doing an appraisal. This was one of the main reasons for the real estate and lending industry collapse of the late 1980's through the mid 1990's. But lawmakers never learn by their mistakes.
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Old 05-06-2016, 01:25 PM
 
1 posts, read 483 times
Reputation: 15
Is nobody’s business how much I paid for my home!
By the way, how much did my neighbor buy his home for?
I just want to make sure I did not overpay.
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Old 05-06-2016, 09:31 PM
 
138 posts, read 154,313 times
Reputation: 180
Quote:
Originally Posted by TexasHorseLady View Post
Well, in Texas, as stated above, even the tax appraiser does not have access to that information unless you, the buyer, tell them. It's a privacy issue - and in that case, it can impact your pocketbook. (Yeah, we still believe in things like that here, go figure. We don't think that everyone and their dog needs to, or has the RIGHT to, know everything just because they'd like to.)

If you're working with an agent as a buyer or a seller, of course, you can find out what properties comparable to yours or to the property you're considering purchasing sold for - and that without paying for the information unless a deal actually consummates. So it's not like it's a huge burden.
Might want to try and let Wilco know about this pile of horse pucky. They use Redfin now.
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