How can I get the % of Selling vs Asking price in an area(gated community) over the past 12 months

Profile picture for chasdf
I am making an offer in a North Carolina gated community.  I want to see how the actual selling price as a % of asking price has changed over the past 12 months as a result of the housing crisis. Agents in NC represent the seller. How (websites?) can I get this information?  Thanks.
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February 20 2009 - Biltmore Lake
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Answers (10)

Seriously? This question is from February 2009.

Call your local Realtors. FREE info like this is available via a report in 10 minutes or less.
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October 07 2010
as a realtor, you can not only search properties that are active, pending, and sold in a development - I can also search properties that have been withdrawn or expired.  I can check tax cards for properties that may have sold in a development that did not go thru MLS.  I can search to see if those properties have been listed before and at what price.  Just let the agent know how you like to process information and let them do the research for you.
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October 07 2010
This post is 17 months old and was requesting information that was time sensitive.  Do you really feel like a response was necessary.  Let keep comments to newer posts and stop bringing up posts that offer no insight.
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September 27 2010
I find it hard to believe that there isn't a single Realtor in NC that doesn't represent buyers in part, or in whole.

If you're lucky to find one, ask for help.

Incidentally, the premise of your question suggests that the sales price to asking price percentage is an accurate measure for determining what to offer.  Nothing could be further from the truth!

All properties are priced differently.  Some are outragerously priced and some are exceptionally well priced.  If you make an offer on a well priced property using the sales price to asking price percentage, you will likely have your offer rejected and miss out on buying a great property.
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September 27 2010

To help you find a Buyer's Agent, to to http://www.rebac.net, which is the sight for Accredited Buyers Representatives.  Then click on "Find A Buyer's Rep" at the top right of the link bar.  Put in the name of your town, etc. and find several names.  That will give you a good start.

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September 24 2010
Historically it has been around 97%. It may have dropped 3 or 4 points. I wouldn't suspect it has changed much more than that, other than in coastal areas. Call a Realtor. Almost any of them should be willing to answer that question, as a courtesy, and to try and earn your business. Trulia.com may be helpful also.
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September 24 2010
Obviously you're not working with a Buyer Agent, because NC agents work with both Buyers and Sellers, either exclusively or through Dual Agency.  The question you've asked is a typical question a Buyer's Agent will supply to you to assist you in making an offer.  Talk with friends, or interview some Buyer Agents.  See if they are Accredited Buyer Agents.  See if they have their GRI.  Both of these designations means they have gone over and beyond the standard education requirements to get and/or maintain their license, and have spent hours taking additional classes to help them better serve their buyer clients.  Spread the word - we NC agents do, in fact, work with Buyers and will represent them in a purchase - if you sign a Buyer Agency Agreement, which protects YOU - the Buyer as well as the Agency.  Best of luck and if you need the names of potential Buyer Agents in your area, give me a yell at Debo@HomesOfWilkes.com.  But referrals by previous Buyers are always the best way to find a good agent.
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September 24 2010
CORRECTION: Agents in NC represent the seller, only if you have not hired your own buyer agent.

So if you want the information, hire a licensed professional who can send you the information you require. You likely will not be able to access this information unless you access the tax records -- but that will only tell you to tax recordation amount of the transaction-- and will not give you the information related to the Comparative Market Analysis you are inquiring about. I.E. List price vs. % of Asking Price.

Those analysis are provided through the Multiple Listing Services, which is proprietary and copyrighted information of the professional organizations of Realtors. We pay significant dues and work together to ensure the data is correct-- and are subject to major fines if we do not provide accurate and timely information to the MLS. This is the cost of business that many seem to ignore when inquiring about this information and wanting it for free. It is not free. I costs hundreds of thousands of dollars, and dozens of full time employees to maintain.

So to answer your question: The only way to really see the analysis you require is to ask a Realtor. Note that I said Realtor, because this is the professional organization, as opposed to Real Estate Licensee-- which is the term used by the NC Real Estate Commission for licensed Agents/Brokers.

I would be glad to provide the information if you are seeking information from the Carolina Multiple Listing Service. What is the subdivision?
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February 26 2009
Agents in NC can represent the Seller, the Buyer, or Both.  If you want representation on your side only, you need to find a REALTOR that you would like to represent you and sign a "Buyers Agency Agreement".  This is the best way to get the data, facts, and negotiating strength on your side of the fence.  Hope this helps and Good Luck!

www.OfficerRealty.com
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February 20 2009
Profile picture for LiKC
I would ask the realtor for comparables on properties in the same area within the last 12 months.  That should give you a pretty good idea.  Ask them for the last 6 months compared to the 6 months prior to that.  They should give you an answer and if they don't tell them your offer is on hold until you know.
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February 20 2009
 

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