One of the questions that often gets asked is this:
If a property is under contract, how much did it sell for?
No question is silly unless it’s not asked. So while this may not be your question, it comes up often enough for me to print the answer. Of course you can ask yours by sending me an email.
Back to the question. Once a property, whether it be a house, condo, vacant lot or factory, goes under contract there is an agreed sales price. It is known by the seller, the buyer, their brokers if they have them, and will quickly become known by their respective attorneys and mortgage company. A property listed in the MLS is marked as being under contract, so you want to know how much they sold it for, right?
Well the answer is that I won’t know and nor will you until the sale is closed. Why? Simply because it is not a sale until it closes, and until is closes the sale might fall through. So if the contract amount is revealed all of a sudden the seller has published how much he was willing to accept. If his sale falls through, his next buyer might have been willing to pay more, but with the knowledge of the original amount he likely would not.
So any contract amount and for that matter other terms is not public knowledge and won’t ever be. If it closes it is now public knowledge and you can find out. Until then, keep guessing, that’s all you can do.