TX - Not required to report sales prices
There is an article today in the Dallas Morning News that's interesting. I'll link the article below but I think the bottom line is it's going to be hard - if not impossible - to get accurate comps!
Texas is one of only 5 states that do not require sales prices to be disclosed.
"...real estate agents, buyers and sellers are keeping sales prices under wraps on hundreds of houses Ã¯Â¿Â½ even on the Multiple Listing Service.
The trend is troubling some market watchers because Realtors and appraisers use the service to set prices and prepare offers. And everyone who depends on the data Ã¯Â¿Â½ including the economists who track the North Texas housing market Ã¯Â¿Â½ is getting only part of the housing picture."
" The MLS is a proprietary real estate database in which property agents share information about home listings and sales among themselves. Most home and condo sales are supposed to be recorded in the MLS, but the process is voluntary and unregulated.
Many MLS sales forms now have prices marked with a "Z" Ã¯Â¿Â½ Realtor lingo for a price that's not the actual sales price. Often the Z price is simply the original list price."
" Agents say the practice has grown over the last two years, partly because some buyers want to keep the data out of the hands of tax appraisers and sometimes because sellers don't want anyone to know how little they got for their houses.
Agents sometimes push secrecy as well.
Some of the lowest-priced homes are being kept out of the system, which makes overall prices seem higher, agents and appraisers say."
Here is a link that might be useful: Unreported Sales Price