Tuesday, January 2, 2007

Search Sold Listings

More real estate property information is now available online. Now you can search for information on sold properties as well as active listings.

This doesn't include pending listings, which means you won't be able to look up information when there is a 'SOLD' sign in front of a property...wait until the sign is gone, which usually means it has closed and the sale price has become public information. Prior to that point the negotiated sale price is confidential and known only by those parties involved in the transaction.

You can use this data to help you determine the value of your home...or satisfy your curiosity and find out what your neighbor's house really sold for. Use search criteria that matches your home to find comparable listings to help establish your home's value. Although this data is fairly accurate, keep in mind that it doesn't tell you if the seller made any contributions to buyer closing costs, etc. This is fairly common, particularly in lower price ranges, so if a property sold for more than other comparable listings it's possible the sale price includes closing costs the seller paid on behalf of the buyer.

To check it out visit www.HomesMSP.com and click on 'search SOLD listings' under the search area listings header...or just following this link... http://www.minnesotahomes.com/Search.aspx?SearchType=20

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