So let’s say you’ve been watching similar sales in a neighborhood or condo building to the unit you own, or you’re just starting to look at homes and keeping an eye out for properties you like to see how much they sell for, or you even put in an offer and lost out, you’re going to want to know how much the property sold for, right? So how soon can you find out after it goes under contract?
Bad news – you won’t know what the property sold for until it closes and the sale is final.
Listing agents are not supposed to disclose specific terms about the offers they receive, without written permission from the sellers. But most of the time, it’s not a good idea to disclose the agreed upon price because if the contract falls through, future buyers will know what that offer was for and have a stronger bargaining position.
You might be able to get an idea if they’re willing to give you a range, but generally, you won’t find the final number until closing. Some assumptions you can make:
- If it sold quickly, it’ll be close to list price.
- If it took a long time to sell, chances are it wasn’t for list price, UNLESS it was recently reduced in price and sold quickly thereafter.