Why are some houses listed as being sold for far less than they actually were?

mrs_motivated

It works the other way too. About twelve years ago I sold a house for £205k but it was listed as sold for £225. I only found out a couple of years later and sat dreaming of the fictional 20k

thor

Dave_Ham wrote: »

Age old my Dad is bigger than yours...

Whilst there are anomalies there are not loads to be fair. I would suggest you asking him outright and him potentially be "found out" will be more of an issue that if it was recorded wrong.



Good luck

I will when I see him next. Is it all that important though if the price is listed so far off the mark?

jimjames

thor wrote: »

I have a friend who bought his house in 2004 for over £400000. He says that he bought outright with no mortgage and it is a big house in a well to do area.
Recently I have been searching for houses in that area so decided to check the 'sold' prices there using nethouseprices.com.
It reports that the house was sold for only £36000 and I have seen such anomalies many times in these house price databases. So I would like to know under what circumstances are houses listed being sold for a fraction of the price they actually went for? Is it anything to do with mortgages or buying a share of the property, part exhanges etc? Bear in mind that my friend had no relationship with the previous owner and has not swapped properties either.

£400,000 vs £36,000 is a massive difference. Would it really sell for 10% of what he is claiming? Is it even possible to have bought a house for £36,000?