Way to findout price history of property

blueredface

Hi there,

Is there anyway to findout how many owners were of a particular residential property and what was the price very first time and last time bought for?

Can these information be raised through buyer's solicitor who deal with vendor's solicitor?

Thanks.

Dardania

If it's in the last few years, the PPR might give you the info: http://www.myhome.ie/priceregister

Otherwise, there's land registry documentation - one must apply to an authority for it, for a fee, but it can be given

MarkAnthony

LOL - For God's sake don't look at original selling prices. You'll be crying for days. My Apartment original sold for 40K punts. Let's just say I bought it for significantly more.

It goes without saying that previous prices will have little bearing on what a house is worth now.

A land registry folio can be downloaded for a fiver. This will show recent owners and mortgages/loans on the property, It mostly just covers non-urban areas though. www.landdirect.ie

davo10

Why on earth do the think the vendors solicitor would care about what the property previously sold for? All that matters is what it is worth to both the seller and the buyer now. Take for instance a house in a nice suburb of Dubin, the house might have sold for 70k in 1980, 140k in 1990, 200k in 2000, 400k in 2005, 300k in 2010 and 350k in 2015, now what are you going to tell the vendors solicitor, that you should get the house for what it was worth in 2000, or what it is worth today?

lau1247

it would give a view of the past trend and allow the buyer to make at least some form of educated judgement call (Small data) on how much it is roughly worth compare to current market trend for general area. Therefore they can make an informed decision how much to pay for it so that they don't overbid than they need to, maybe? That would be my thought.

alastair

lau1247 wrote: »

it would give a view of the past trend and allow the buyer to make at least some form of educated judgement call (Small data) on how much it is roughly worth compare to current market trend for general area. Therefore they can make an informed decision how much to pay for it so that they don't overbid than they need to, maybe? That would be my thought.

You'd need to get the same historic data for all other comparable properties in the area for that to make any sense, and it still wouldn't offer much beyond comparing last sale prices.

davo10

lau1247 wrote: »

it would give a view of the past trend and allow the buyer to make at least some form of educated judgement call (Small data) on how much it is roughly worth compare to current market trend for general area. Therefore they can make an informed decision how much to pay for it so that they don't overbid than they need to, maybe? That would be my thought.

There are so many moving variables that the type of data you receive would be useless. For instance, values have risen over 10% since January 1st in some areas and are 25% higher than 3 years ago, the economy is improving, confidence is rising so more people are house hunting now compared to a year ago, the shortage of homes is therefore more acute now than 12 months ago, the mortgage rules changed recently, interest rates are lower now than a year ago etc, etc, etc so the market has changed. And at the end of the day, even with all those stats and info, what does the op expect the vendor's solicitor to do?

The value of something today is whatever you are prepared to pay for it today, it may be worth more tomorrow if someone else is willing to pay more, it may be worth less next week if no one ie willing to pay what you paid for it when you try to sell. If the op doesn't feel it is worth what was offered, then now is the time to pull plant before the contracts are signed, but someone else may feel that the value is right or that it is worth even more. That is the market for you, high demand, low supply, prices rise.

Qualitymark

It could be useful. If a house has had three owners since the 1930s and the price has risen from £200 to €500,000 in those three transactions it tells you a bit about it. If its owners have built on an extra bedroom and a conservatory, widening the kitchen and changing the layout, that tells you more again: it suggests prosperity and gentle use.

That site is cat. You can find a house and "add to basket", but it's unclear how to actually see the details!

davo10

Qualitymark wrote: »

It could be useful. If a house has had three owners since the 1930s and the price has risen from £200 to €500,000 in those three transactions it tells you a bit about it. If its owners have built on an extra bedroom and a conservatory, widening the kitchen and changing the layout, that tells you more again: it suggests prosperity and gentle use.

That site is cat. You can find a house and "add to basket", but it's unclear how to actually see the details!

Useful in what way and did you think that th fact hat a house has risen in value since 1930 will influence the vendor today, after a bid has been accepted? For your own curiosity/consideration, ya, I suppose it might be useful, but as a means of trying to influence the purchase price, it's useless. Think of it the other way, the vendor could say that 7 years ago the property was worth 200k more, so the op is getting a "bargain", that viewpoint is about as relevant as the op trying to use historical sales prices as a reason why the vendor should drop the price.

Qualitymark

davo10 wrote: »

Useful in what way

You can see what kind of wear and tear the house has had, based on the number of owners - as with a car, three loving owners in 70 years is better than ten changes of hands; you can see what it was priced at originally and therefore what quality it was seen as then, if you have any kind of idea of house values of the time of its first building.

davo10

Qualitymark wrote: »

You can see what kind of wear and tear the house has had, based on the number of owners - as with a car, three loving owners in 70 years is better than ten changes of hands; you can see what it was priced at originally and therefore what quality it was seen as then, if you have any kind of idea of house values of the time of its first building.

That's what viewings and surveys are for, if you can tell how well a house has been looked after by the price paid each time it changed hands, fair play.

ted1

Qualitymark wrote: »

You can see what kind of wear and tear the house has had, based on the number of owners - as with a car, three loving owners in 70 years is better than ten changes of hands; you can see what it was priced at originally and therefore what quality it was seen as then, if you have any kind of idea of house values of the time of its first building.

You should look for receipts for tins of paint too!!!

What if it had one owner but he rented it out for 3 out of 20 different years to a leeper colony.
Just get a survey done .