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.