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Answers (6)
- Neil R
- Contributions:2899
Hi jorbritt -
Thank you for notifying us!
I am currently working on your flag. I'll follow up with you via email.
Thank you.
Neil
Zillow Customer Support
Thank you for notifying us!
I am currently working on your flag. I'll follow up with you via email.
Thank you.
Neil
Zillow Customer Support
- wetdawgs
- Contributions:26821
You are right, the purchase price is not a number that can be edited by the user. As the value doesn't reflect your down payment, I'm curious what your public records show?
You can flag the transaction in the price history so Zillow can investigate the purchase price. Zillow corrects values to reflect what is shown in the public records.
Here's where to find the flag:
You can flag the transaction in the price history so Zillow can investigate the purchase price. Zillow corrects values to reflect what is shown in the public records.
Here's where to find the flag:
- jobritt
- Contributions:3
My house is worth more than I paid, thankfully. My question was, I paid $180,000 for it 20+ years ago but we made a down payment of $50,000 cash and the Zillow purchase price is showing it as $130,000 and I want it to reflect the entire $180,000 purchase price. I see no place in the software that I can make that change myself.
- Julann Carney, "Julann Carney"
- Contributions:208
Dear Jobritt, Zillow gleans public records to see what properties have sold for. They sometimes get the information from agents & other times mortgage instruments that are filed at the courthouse. I'm not sure what your concerns is about your home. I personally wouldn't want my downpayment amount to reduce what I purchased my home for mainly because people would then think that I only paid "X" for my house & when I got ready to sell, they would want to potentially offer me less. If your concern is that your home is potentially worth less now than what you purchased it for hang in there. The market in Central Arkansas is getting stronger & property values are slowly improving. Hope this helps & best wishes!
- Sandy Kay, "Sandykayhomes"
- Contributions:29
When you purchased your property you received a HUD-1 or final closing cost statement from the title company. This statement which shows your purchase money or "down payment".
If your property is now worth less on the open market than your purchase price, you are still obligated to the bank for the loan and your purchase money is gone. You lived in your home in the meantime.
IF you want to recoup money than you have to negotiate with the bank.
If your property is now worth less on the open market than your purchase price, you are still obligated to the bank for the loan and your purchase money is gone. You lived in your home in the meantime.
IF you want to recoup money than you have to negotiate with the bank.
How do I change the purchase price of my house? The $50,000 I paid down is not account for.
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