Profile picture for uberchelle

My realtor mentioned suppressing our real estate purchase. What are the reasons people do this?

And is it just our name(s) that are hidden from public record?  Dollar amount paid for home?  I believe this is often done for celebrities, but any other reasons?  Pros and cons?
  • February 13 2013 - San Francisco
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Answers (3)

Best Answer

Suppressing this type of data in California makes it harder for appraisers to do their job. For states that 'hide' data like this, appraisals cost more since data is not easly obtainable.

If you dont want your name to show as a new owner of record for a purchase. you can use your accountant and/or manager (for celebs) as the owner of record. Not sure how it is done but I see it all of the time to prevent stalkers on celebs. Suppressing sales price data is tough since most MLS rules will not allows suppressing sales prices - simply because if they allowed it everyone would do it then MLS data would be worthless.

If you really need sales data info and/or your name suppressed on a real estate transaction, contact a real estate and/or title attorney - it can be done but it will cost you - at least in California. . . . . .
  • February 16 2013
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Profile picture for wetdawgs
Privacy.   If you have an abusive ex-spouse looking for you or paparazzi  stalking at you it would be important.  Otherwise there is so much stuff on everyone of us so readily available I consider myself hiding by standing in the middle of the data jungle. 
  • February 13 2013
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Profile picture for Gabilan Properties
Why would you want to suppress the facts? Are you embarrassed by your sales price?

Future buyers and sellers would like to know what your home sold for so they can ascertain current values. Unless the sale does not approximate fair market value, there is no reason not to share the information.

When you bought the property, how do you arrive at a price? Do you think that knowing what other similar homes sold for helped in your decision?
  • February 13 2013
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