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Updated over 8 years ago on . Most recent reply

User Stats

7
Posts
1
Votes
Alan Gomez
  • Real Estate Professional
  • Chicago, IL
1
Votes |
7
Posts

How to hide purchase price from public record

Alan Gomez
  • Real Estate Professional
  • Chicago, IL
Posted
Hello Forum, I'm close to closing on my first flip project in a few weeks and was wondering if anyone has any idea how to be able to hide the purchase price from public record, specifically in Illinois. As a real estate agent Ive looked and analyzed many properties where I can find the purchase price from either the MLS or the assessors web page. I have come across some properties that show who bought it but not for how much. The only reason I want to do this is because as a real estate agent I feel that a client who is looking to buy a rehabbed home will often take the purchase price into consideration when making an offer, and tend to make lower offers on them. It's not every time but it's enough for me to want to hide the purchase price because at the end of the day most people on the buyers side, especially first time buyers, don't understand the expenses and time invested into a rehab. Thanks for the help in advance.

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