When you’re buying or selling a home in the Sarasota area, you’ll want to consult a wide variety of real estate resources. Although many agents might tell you to check out the multiple listing service (MLS) for the most up-to-date information, you might not be looking in the right place! Believe it or not, sold data can help you get a fantastic deal—here’s why you should use it.
Here’s Why You Should Be Using Sold Data
Feeling a little confused? Although many buyers and sellers believe they should only keep up with active listings, sold data can actually tell you more about the state of the market.
What is sold data, and why is it useful?
Even if you don’t have a lot of real estate experience, you probably know a little bit about sold data. In short, it’s information about homes that have recently sold—such as the sold price, when it sold, and who sold it.
Buyers, sellers, and agents can benefit from studying these numbers—and it’s an easy way to see how the market is doing. Want to check out the latest data for the Sarasota area? Our handy search tool allows you to search through every closed transaction across Manatee County, which makes it easy to stay in the loop. Just click on “Sold Listings” to get started!
How does it help sellers?
Want to scope out your competition? It might make sense to keep up with active listings in your area…but if you’re looking for results, don’t forget to check out sold data, too.
When you list your home, you’re probably looking to sell quickly and for the best possible price. And if you check out what’s on the MLS, you might see over- or under-priced properties, as well as listings that have been on the market for months. Unsurprisingly, these homes aren’t a good indication of what’s really selling.
Consulting sold data lets you see exactly what buyers are looking for…and which selling strategies actually work. You can even compare price ranges, home features, staging techniques, and so much more!
How does it help buyers?
Sold data isn’t just for sellers—buyers can also benefit from tracking the latest sales. Sarasota has a pretty competitive real estate market, and as home prices continue to rise, it’s hard to know if you’re getting a great deal. This is where sold data can come in handy!
As we mentioned before, many active listings just aren’t priced properly. If you want to see a more accurate reflection of the market, check out some listings that recently sold in your neighborhood of choice. It’s the easiest way to find out if you can afford a specific area—or if you should wait to buy.
Ready to start searching? We’ve made it easy to check out the latest sold listings with our map feature. Just zoom in to a neighborhood of your choice, and we’ll show you all the homes that sold within the last year. It’s just another way we’re simplifying the buying process for our clients!
Bottom line: Sold data matters
If you’re thinking about buying or selling your Sarasota home, try looking at sold data first. We’ve made it easy to keep up with the latest sales—and you can also create a saved search for specific neighborhoods with our personal property organizer.