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Old 10-07-2019, 11:20 AM
 
374 posts, read 105,797 times
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Quote:
Originally Posted by oceangaia View Post
That might explain sitting on an offer for a few days, especially until after the open house, but not immediately rejecting it.
We don't know if the OP had a 24 hour time constraint for reply written into the offer, or any other language that may have made it an immediate reject.
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Old 10-07-2019, 11:24 AM
 
10,374 posts, read 4,865,666 times
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Quote:
Originally Posted by jackmichigan View Post
In most states, the sales price is relatively easy to determine. Recorded deeds can easily be looked up and there are often other documents or sources which indicate the sales price as well.

Name one. Tax appraisal values are not sales prices.
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Old 10-07-2019, 11:40 AM
 
Location: Columbia, SC
9,218 posts, read 18,318,619 times
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Quote:
Originally Posted by oceangaia View Post
Name one. Tax appraisal values are not sales prices.
South Carolina. Most states disclose the sales price as public info.
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Old 10-07-2019, 11:50 AM
Status: "Hard Money Lender " (set 20 days ago)
 
287 posts, read 70,584 times
Reputation: 572
Quote:
Originally Posted by oceangaia View Post
Name one. Tax appraisal values are not sales prices.
Sales affidavit in WA and IN that I know of. ID, the other state I do business in, is a non-disclosure state
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Old 10-07-2019, 11:53 AM
 
6,918 posts, read 8,340,915 times
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Quote:
Originally Posted by oceangaia View Post
Name one. Tax appraisal values are not sales prices.
Name one?

In Michigan, I can easily look up deeds online which will almost always include the sales price.

Even if the sales price isn't included on the deed (there are limited exceptions that allow a sales price not to be on the deed) I can easily calculate the sales price by the amount of the transfer tax which is indicated on the recorded deed.

Local assessors are notified when properties are transferred and they are informed of the sales price. These sales prices are then included in the municipality's online assessment records, so that is another easy way to find out the sales price, although there may be a lag in time for when that information is posted. Many, if not most, communities now have online access to such records.

Also, when every property is sold or transferred in Michigan, a Transfer Affidavit is required to be filed with the local assessor. In that Transfer Affidavit, the purchase price is required information. That, too, is public information, but it's much easier to simply look up the information which is available online.

Note that I have never mentioned, in any of my posts, that tax appraised values are equivalent to the sales price.
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Old 10-07-2019, 11:57 AM
 
374 posts, read 105,797 times
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Quote:
Originally Posted by oceangaia View Post
Name one. Tax appraisal values are not sales prices.
California. Public Record.
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Old 10-07-2019, 12:10 PM
 
Location: Florida
23,061 posts, read 9,896,195 times
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After it is sold--you can go on Zillow, Realtor, Trulia and see what the sale price was. It is usually in the stats in one of them, as well as deeds being public record. Depends of how often they update and how fast the recording office posts official records.

If they sold for list price, I would guess they received an all-cash quick close offer. Makes for a much easier closing. You shouldn't feel bad--all cash is tough to beat. If the market is that tight, you may have to offer over list price.
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Old 10-07-2019, 12:39 PM
 
Location: Research Triangle Area, NC
4,003 posts, read 2,760,377 times
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Quote:
Originally Posted by oceangaia View Post
Name one. Tax appraisal values are not sales prices.
North Carolina.

This is tracked on the county level and can be found in about 30 seconds by anyone with an internet connection. This is the case in quite a few states; if not the majority.

But by all means continue to make abrasive comments made with virtually no knowledge or context for the situation at hand...

To the OP. It is very frustrating when you find "the right" house as a buyer and it doesn't pan out. There are plenty of folks who have this happen multiple times and end up with "buyer-fatigue" but even just once time can really bum somebody out.

It sounds like you may be assuming that your offer was the only offer submitted on this particular property. Depending on your location and price-point; there is a good chance that is an incorrect assumption. Most likely someone else had an offer that was more attractive. Whether it was a higher price, shorter escrow period, more favorable financing...the list could go on.

I can't think of any good reason why a full-priced offer on a home as the ONLY offer would be "rejected". If that is the case, and you see that the property is still on the market and listed as "active" within the next few days; have your agent reach out to the sellers/seller's agent to inquire more.

Last edited by TarHeelNick; 10-07-2019 at 12:48 PM..
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Old 10-07-2019, 01:57 PM
 
Location: Kansas City North
4,306 posts, read 7,563,307 times
Reputation: 6682
In Oklahoma, you can easily look up sales prices and mortgage amounts. All public record.

Missouri is a non-disclosure state, but Zillow and Trullia seem to pick up a lot of accurate sales prices. Mortgages are public records.
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Old 10-07-2019, 02:01 PM
 
Location: 26N x 82W
559 posts, read 306,140 times
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Quote:
Originally Posted by oceangaia View Post
Name one.
Easy to look up by county in Colorado and also the online realty sources like Zillow, etc. generally list the sales price shortly after the property closes.
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