I got a list of recent sale prices of properties in a community from my agent.

Sean
Home Buyer
19044

Somehow the SOLD (STL) price for one of the property is different in the agent's list vs. the sold price on Trulia. The sale dates match. I haven't checked other properties. How is that possible? Which one should I trust? Is there another source to obtain such records?

Answers (5)
First to answer: J R
Edmund Choi
Agent
Devon, PA

The MLS provides true sales information because most offices input the details of the transaction including seller concessions. This information is provided by agents to provide you in realistic expectations for your home in the current market. Sidenote: beware of short sales/foreclosures which abnormally skew the data; they are considered outliers and should be treated as such.

Sun Jul 13 2008, 19:32
David - Apprais...
Agent
Maricopa, AZ

Appraisers use MLS as research, not as a true guide, and verify the sale price on County Records (Assessor and Recorder) against the documents filed.

Sat Jul 12 2008, 22:35
Lynn911.com Dal...
Agent
Dallas, TX

Any and all info. direct from MLS is the true guide that realtors and appraisers use, any other source is only for research purposes only. http://www.lynn911.com http://www.homes-for-sale-dallas.com

Web Reference: http://www.lynn911.com
Sat Jul 12 2008, 21:49
Beth Masland
Agent
17011

I am not sure where Trulia pulls their sale data from, however could it be that your agent was giving you a net after concessions price? That is the true sale price. For instance, I sold a property for 239k, but it had 4k worth of seller concessions (repairs/ buyer costs), sot the true net would be 235k even though the sale price in the tax record will be 239k. Hope you figure it out! Ask your agent to explain the descrepancy, I am sure they can.

Sat Jul 12 2008, 20:24
J R
Agent
New York, NY
FIRST ANSWER

Your agent should be able to tell you which one is correct.

Sat Jul 12 2008, 20:21

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