Comparable Sales – Pending

Comparable Sales – Pending Sales

A sale that occurred last week in the surrounding neighborhood has more validity in helping you determine a fair market value for a home for sale than a sale of a home from seven months prior in the same locale (property may have increased or decreased in value over that time period.)

The sales information on pending home sales will not be made available at all until the sale has closed and a deed has been recorded.

Pending sales will not offer any sales information (until after the sale closes and a deed is recorded) making it difficult to use it as a comparative property in determining your offer price of a nearby home.