Most of the
public is aware that the Multiple Listing Service is a private resource
where Realtors list properties available for sale. Recently, the public
has been able to access some of that information on such sites as
Realtor.com, MSN HomeAdvisor, and others.
Once a
property is sold and the transaction has closed, the selling price is
posted to the listing in the Multiple Listing Service. Over time, it has
become a huge database on past sales, containing much more information on
individual homes than can be gleaned from the public record. This
information is only available to real estate agents who are members of the
local Multiple Listing Service.
Your agent
will provide you with this data to help determine your offer price.
