Disclosing purchase price to buyers

Disclosing purchase price to buyers

Denver, CO · Member since 2014 · 62 posts · 15 votes

Hello BP,

I am interested to know how agents/investors handle a question about disclosing seller's purchase price to potential buyers, particularly with short flips. I know an investor who buys cash for houses and then places it on the MLS the next day. Are agents required to disclose the seller's purchase price to other agents who ask, or would you as seller's representation be required to not disclose?

Also how does an owner/agent listing their own property handle this situation?  Thanks for reading!

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  • Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
    10y

    It's public record, so it's no secret in most cases.  Other than that, in response to the inquiry about purchase price....."it's not relevant, any other questions?"

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