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 recorder’s
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. Condos for sale
in Pinehurst.
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 recorder’s office or
purchase it 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.
This site was developed to
provide information on Pinehurst real estate including Pinehurst Golf
and Waterfront homes, Pinehurst condos, and Pinehurst and Southern Pines
Commercial real estate.
Please feel free to visit any of our sites for additional information.
Sotheby's International Realty
Dale
Heck – Realtor/Broker
910-528-4652