Whether you’re buying or selling a home in the Triangle, it’s crucial to use a wide variety of real estate resources to accomplish your goals. A lot of agents might tell you to check active listings for the most up-to-date information. While this does have some merit, there’s actually another hidden tool that might be more useful: sold data. Feeling confused? Don’t worry—we have all the details you need to know.
Why You Should Be Using Sold Data to Buy or Sell Your Home
What is sold data, and why is it useful?
If you have any experience in real estate, you probably already know about sold data. Simply put, it’s information about homes that have recently sold—such as the sold price, when it sold, and who sold it. This information can be helpful to both buyers and sellers, and it’s also an innovative way to tell how the market is doing.
So, have you been keeping track of sold data? If the answer is yes, then congrats—you’ve been staying ahead of the game! However, if you’re out of the loop, it’s not too late to catch up. Our site makes it easy to find the latest sold data, and you can even explore by neighborhood. Just check out our handy search tool and be sure to click “Sold Listings” instead of “Active Listings” to get started.
How does it help sellers?
Ready to scope out the competition? A good agent will probably tell you to check the MLS for competing listings in your area. A great agent will tell you that checking sold data is the way to go—here’s why.
If your home is on the market, you’re probably looking to sell quickly and for the best possible price. When you scroll through the Triangle’s active listings, you could be looking at over- or under-priced homes…or homes that have been sitting on the market for months. If these homes haven’t even sold, why should you care?
By checking out sold listings, you can explore strategies that actually work. There’s no better way to discover what homes are really selling for in your neighborhood—and you can also pick up some pricing and staging tips along the way.
How does it help buyers?
Tracking sold data isn’t just useful for sellers—it’s also an excellent tool for buyers. In a market as competitive as the Triangle’s, it can be hard to sort through hundreds of listings in the MLS. And with home prices rising every day, you might think it’s impossible to find a deal. This is where the sold data comes in!
As we just mentioned, most homes on the market just aren’t priced correctly. If you want to push past the inflated prices and see what homes are really worth in your desired neighborhood, it’s time to start looking at sold data. It’s the easiest way to know if you can afford a specific area—or if you’re about to snag the deal of a lifetime.
Did we mention that our sold data search tool also has a handy map feature? You can actually explore any neighborhood in the Triangle to see the most recently sold homes…and how much buyers paid for them. You can even search by school district, budget, features, and so much more!
Bottom line: You should check the Triangle’s recent sold data
While it’s always important to keep track of what’s on the market, monitoring sold data is the key to buying or selling your home. We’ve even made it easy to keep up with the latest sales—and you can also create a saved search for a specific area with our personal property organizer.
Ready to Buy or Sell Your Home?
If it’s time to buy or sell your home in the Triangle, Trademark Residential is here to help. We have plenty of resources to get you started, so just drop us a line to take your next steps. Have questions? We’ll answer those, too!