Comparable Sales – Pending
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.)
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.