Sold
A home whose sale has closed and ownership has transferred to the buyer. Sold prices are public in most states and are used as comps to price other homes.
Also called: closed, closed sale
Related terms
The price a home actually sells for at closing. It can differ from the list price and becomes public record in most states.
The final step of a sale, when documents are signed, money changes hands, the deed is recorded and the buyer gets ownership. In some states everyone signs at a table; in others signing and funding happen separately.
Recently sold homes near the subject property that are similar in size, age, and features. Appraisers and agents use them to estimate value.
The seller has accepted an offer and the main conditions are cleared or waived. The sale is waiting to close and usually no longer takes new offers.
Filing a deed, mortgage or other document with the county so it becomes public record. Recording gives notice of the new owner or lien and protects the buyer's claim against later ones.