Asking prices versus transaction prices

An asking price reflects the seller's request, while a completed sale needs different evidence. Listing comparisons are useful but do not establish what a buyer will pay. Record the evidence type, date and property condition before relying on it.

Practical steps

1. Label comparisons as listings, offers or documented completed transactions
2. Exclude duplicates, stale advertisements and unavailable properties
3. Account for area, condition and location without claiming unsupported precision

General guidance. Consult qualified professionals on legal, financial and technical matters specific to your transaction.