Why does it say this home sold for only $30,000.00 when we bought his house for $88,500 in Sept 1999? Thanks.

Asked by Susan Barrett, 7 Jane Drive Cheektowaga, NY 14227 Sat Dec 6, 2008

House was listed for $97,900. We bought it for $88,500 Sep/)c 1999. Why so low at $30,000.00 in Feb 1999 per your site? Could this have been an equity loan taken out by the former owners?
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This question is about this property: http://www.trulia.com/homes/New_York/Cheektowaga/sold/123545…

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4
Susan Barrett, , 7 Jane Drive Cheektowaga, NY 14227
Sat Dec 6, 2008
Thank you Joe. You are exactly right. While these types of sites are helpful, they do contain errors. Thank you for clearing up the correct purchase price in 1999 and the equity loan we took in 2004, and certainly not in Feb 1999. You saved us a few long phone calls.

Have a good day
SB
0 votes
Joe Sorrenti…, , Buffalo, NY
Sat Dec 6, 2008
Trulia, Zillow and other consumer internet sites for real estate data are greatly inaccurate many times. Our County tax records show a purchase price of $88,500 in 8/99. I see a loan amount of $30,000 in 4/2004 from M&T Bank.
0 votes
Scott Godzyk, Agent, Manchester, NH
Sat Dec 6, 2008
You can go back and search the previous transfers of yoru property. you should first try your local assessors office, try their website as mots have the tax cards online now that will show the previous sales and what they sold for. the other choice is to search your registry of deeds. The previous sale you are looking at could have been a foreclosure, or a trasfer from wife to husband per say, without searching it is impossible to tell you but the assessors tax card will have the info you seek
Web Reference:  http://www.ScottSellsNH.com
0 votes
Dyan Nelson…, Agent, Bryn Mawr, PA
Sat Dec 6, 2008
Are you looking at verifiable sales records?
0 votes
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