How to Find Out the Purchase Price of a Piece of Real Estate

A purchase price tells you the amount for which a property sold.

A purchase price tells you the amount for which a property sold.

If you and your spouse are shopping for a property or are just curious about property values in a particular area, you can find out the purchase price of one or more properties. A purchase price is the amount a buyer paid for a property or the price for which a property last sold. Very recent purchase prices in an area can give you an idea of nearby home values. Purchase prices are public record in most states and are recorded in the county in which the property is located, but some states do not publicly disclose this information.

Visit private websites that provide free information about real estate sales. There you can find out when a property last sold and the price the buyer paid. You can search for a property’s information by address, such as 555 Main St., or by selecting a property from a map of a particular region, such as Dallas, Texas.

Go to the website of the recorder’s or clerk’s office of the county in which the property is located. Some county recorder’s offices provide access to property sales information for free online. You can search by address, property parcel number or the name of the buyer. If not, request that the office mail you a copy of the most recent deed recorded on the property. For example, if you want to find out the purchase price of a property in Los Angeles County, California, visit the website of the Los Angeles County recorder’s office.

Consult a real estate agent or appraiser. These professionals have access to property records and can tell you the price for which a particular property last sold. A real estate professional might be more willing to give you information if you are her client or express an interest in using her services to buy a property. For example, if you are considering buying a particular house, you can ask your real estate agent to get you the purchase prices of similar houses in the neighborhood that recently sold to get an idea of home values in the area.

Photo Credits

  • Jupiterimages/Comstock/Getty Images