| HOME
> INVESTORS / BUYERS
> HOME BUYING ARTICLES > ARTICLE
5.3
COMPARABLE
SALES AND YOUR OFFER PRICE
Comparable
sales in the multiple listing service
Most of the
public is aware that the Multiple Listing Service is a private resource
where Realtors list properties available for sale. Recently, the
public has been able to access some of that information on such
sites as Realtor.com, MSN HomeAdvisor, and others.
Once a property
is sold and the transaction has closed, the selling price is posted
to the listing in the Multiple Listing Service. Over time, it has
become a huge database on past sales, containing much more information
on individual homes than can be gleaned from the public record.
This information is only available to real estate agents who are
members of the local Multiple Listing Service.
Your agent
will provide you with this data to help determine your offer price.
|
