Where To Find Property Sale Prices
I have recently been hired as a real estate analyst in Texas. One of my first tasks is to compile a list of properties and their selling history (price, date, any other specifics). Unfortunately, Texas does not require commercial property sales to be publicly recorded to my knowledge. Please help!
[{"id": "cgstqdw", "text": "CoStar", "replies": [{"id": "cgsxuwk", "text": "Loopnet as well. \n\nBy custom, NY sales are recorded as $10 so the challenge is not just in TX. In states that record mortgages you can often infer price ranges by assuming 20-30% down.  Tax assessment records can help you fine tune your ranges, too.  \n\nThen you can always try to contact the buyers and ask them (may involve cross referencing deeds with the LLC DB with the sec'y of state). Worst case is they refuse. Best case is they spill all they know. Many people like to talk. My brief experience with the Texas market found folks there to be very friendly and helpful. \n\n\n\n", "replies": [{"id": "cgtfrpz", "text": "My experience with CoStar and Loopnet have been poor. They seem to only be partially accurate with the lease availabilities, other than that, it is pretty inaccurate. I have heard about tax assessment records (usually value property lower than market value) but seems like a solid foundation for a value. Thanks for your help.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "cgt29rj", "text": "Real Capital Analytics will have the history of all sale activity as well, but it requires a (costly) subscription.", "replies": [{"id": "cgtftzu", "text": "I haven't heard of this package. Thanks for the input.", "replies": [], "depth": 2}], "depth": 1}, {"id": "cgwaif7", "text": "Holler at brokers and appraisers. If you're new your firm should provide some guidance too, perhaps a few contacts to start with whom have relationships with your coworkers?  The appraisal district sites will have deed transfer dates which is one piece of the puzzle and easily attainable.", "replies": [], "depth": 1}, {"id": "ch1h3z0", "text": "PROPERTY APPRAISER! Costar is a great resource but you should always go to the source, in this case the property appraiser and clerk of court where the sale transaction was recorded", "replies": [], "depth": 1}]