Your REALTOR:


BESTHOME REALTY

Contact John for home buying, selling or property management

 

 

 

John Peters

Managing Broker

541 Blue Rock Dr

Charlotte NC 28213

704 -596 4281 (0)

704 -236 2174(cell)

704 -231 0685(cell)

704 -596 0647 (fax)

303 -200 8251(Efax)

bestHomeRealty@msn.com

 

 

 

 

Comparable Sales in the Public Record

The most accessible source of information on comparable sales is the public record. When someone buys a home the property is deeded from the seller to the buyer. In most circumstances, this deed is recorded at the local county recorderís office. They combine sales data with information already known about the property so they can assess property taxes correctly.

Provided there have been no additions to the property, the information available from the public record is usually correct regarding sales price, square footage, and numbers of rooms. This makes it easy to use the public record as a source of data for comparable sale information.

Accessing the data is another matter, at least for the general public. Realtors can generally look up this information through title insurance companies. The title companies either compile the data directly from the county recorderís office or purchase if from other companies.

One problem with the public record is that it tends to run at least six to eight weeks behind. Add another four to six weeks for the typical escrow period and you can see the data is not current. The most current information is the most valuable.

 

Comparable Sales in the Multiple Listing Service

 

 

 

 

 

 

Real Estate Library articles © 2000 RealEstate ABC

 

                                                                           

 

 

 

 

 

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