How to Find Out How Much a House Sold For
If you are buying or selling a home, or just curious about the market, it can be interesting to look at historical home selling prices. Until recently, data on prices and the history of a property could not be published by any agent or agent. However, this is changing. Home selling prices are becoming more accessible to homebuyers and sellers across Canada. Information is more readily available in some areas than others and you can always contact a real estate agent if you need this information. Finding out how much a home sold for gives you the confidence that you are paying or receiving a fair price for your home.
Where to find prices for homes sold in Canada
Canadian regulations for home sales vary by province and territory. In some cases, the information is freely and readily available while complying with Canadian privacy laws. In others, you can access the information without a broker, but only for a fee. And in some cases, without a real estate agent, you cannot access the information at all. Here is an overview of what you can achieve in each province:
RE/MAX offers a reliable resource to help you find home values, or you can use your provincial valuation website. Alternatively, anyone can search for prices for homes sold in British Columbia, Alberta, Manitoba, and Ontario.
In Saskatchewan, Quebec, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland, you can access information about homes for sale for a fee. You can register for this on the website of the state government.
In Yukon, the Northwest Territories and Nunavut, there are no paid or free searches without the help of a real estate agent.
How to find prices for homes sold
If you live in a province where home for sale prices are readily available online, it’s very easy to search and find as long as you know where to look:
- Select a website to search. Each province has an appraisal website, or you can use the RE/MAX Home Value Estimator tool. Some websites include properties that have sold in the past and pull information from anywhere a particular home is listed, such as: B. Multiple Listing Services (MLS) reports and databases.
- Enter the relevant information you want to search for, e.g. B. a zip code or a specific address. A zip code is useful if you want to know how many houses have sold in the neighborhood, or you can simply search for a specific house if you know what property you want to check.
- Check the results. Once you have entered a zip code, you can click on the houses that interest you for more information. This information will not always be entirely accurate, but it will give you a good idea of what properties have historically been sold for.
The pros and cons of knowing home prices for sale
In general, real estate agents are the only ones who really need access to the prices of homes that have been sold, but with today’s online services, many people can access this information. The most reliable way to do this is with the help of a real estate agent to ensure the information is correct.
If you are a homebuyer, knowing the past home selling price can help you understand if the property’s value is going up or down and if the price is fair based on current market conditions. If you are a seller, access to sold data can help you value your property fairly based on market conditions and the selling price of similar properties.
Privacy concerns are the main reason why accessing home prices for sale is not beneficial. Some people feel uncomfortable when the information is easily accessible to prying eyes. It can also change the price of a property in a way that is not beneficial to you.
For the most reliable and up-to-date information, it is best to consult a local real estate agent in your area.