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| About Me | Buyer Info | Seller Info | Resources | Find Homes | ||
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The most valuable information would be the most current, of
course. A sale last week has more validity in helping you determine a purchase
price than a sale from six months ago. The problem is that there is no actual
record of the sales price until the transaction is completed. The information
is not available in the public record because no deed has yet been recorded. Neither is the information available in the Multiple Listing
Service. Once a property is sold, it becomes a "pending sale" and
all pricing information is removed from the listing. Prices are not posted until
it becomes a "closed sale." This protects the seller in case the transaction
falls apart and the property is placed back on the market. It would give an
unfair advantage to future potential buyers if they already knew what price
the seller had been willing to accept in the past. However, if a Realtor has a reason to know the sales
price, they can usually find out through professional courtesy. Also, some real
estate brokerages post sales information on a transaction board in their office.
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