Aug 31 '09, 01:12 PMSince I don't yet have access to the MLS (I'm working on that), I'm using various "public" MLS sites to look for comps. However, it seems foreclosed homes are showing up as "sold" with the price being the amount foreclosed for. This makes it difficult for me to decide which properties are valid comps (since a lot of the foreclosure amounts are much higher than current sales prices).
It seems a good guideline is if the price isn't a nice round number (e.g. $142,764), chances are it was a foreclosure. But some foreclosures seem to happen at round numbers too...
What do you do to identify which prices were actual sold properties and which ones were foreclosures? Does the MLS differentiate between the two?
