The information found in the real estate transactions that you read in the newspaper or online is generated from the deed document. The purchase price is calculated strictly from the deed document and the transfer fee, not from the purchase price recorded by agents. The transfer fee on the deed generally reflects the accurate purchase price of the property. There are many exemptions and conditions that may increase or reduce the fee charged when the document is recorded. For example, if someone executes a quitclaim deed or trust, the fee for that transaction could be less than the fee for a normal transaction.
Most newspapers run real estate transactions for reader interest.
There is no binding or legal requirement to publish real estate transactions. If there is a price difference that you are aware of, do not worry . It will have no effect on your property taxes or any aspect of your property. Real estate transactions, like many other categories of information, fall into the public record that has existed since the birth of our nation. Bankruptcies, foreclosures and many other forms of legal filings are all part of the public record.