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What exactly is the "sold date"? Is it the day an offer is accepted or the closing date or other?

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In real estate listings, what date is the "sold date"? The date an offer is accepted, the date you put down earnest money, close at the title company???

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July 02 - Southwestern Denver

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Matthew Cheek, "BoulderRE"
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Matthew Cheek, "BoulderRE"

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The "Sold Date" Is when the contract has ended and the property has closed and has a new owner. This is also the date to where the public now has access to what the property sold for. Typically the property will goes in this order, Active, Pending, Sold.

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July 02

Marlene Berrier, "marlenesellshomes"
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Marlene Berrier, "marlenesellshomes"

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When the property has closed at the closing table, meaning an exchange of money and deed hence the delvery of fund; the day and owner gives money for the exchange of the deed would be the day of the sold date.

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October 06

Jim Sharp, "jimmer71"
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Jim Sharp, "jimmer71"

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The chickens have hatched. You can now count'em.

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September 24

Ken Lowe, "NAPLESREALTY"
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Ken Lowe, "NAPLESREALTY"

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The sold date is the date the sale actually closed and title was transfered to the new owner. The contract date is called the pending date.

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September 02

Search CO Homes FREE
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Randolph is right. Colorado is a race-notice state defined below. Recording provides record notice, not constructive notice. The first to record takes the property over others who bought it for value without notice of a defect and who failed to record first.

What we often see in Colorado are "wild deeds", resulting from quitclaim deeds that are not recorded and then the original owner sells the property to a different person.

As to your original question, the sold date is the date the reporting broker provides, or the title company provides, or the tax assessor provides. Some brokers do not report sales timely or accurately. Title companies may take a week to record and the tax assessor is usually opperating off of inaccurate information provided or concealed for tax purposes, particularly when a transaction involves intra-family transfers, trusts and corporate entities seeking tax deferments.

The best answer is more simple. The date the buyer took title. The title must be delivered and accepted to constitute a closing. In probate, this can get confusing because the testator is dead and has bequethed the property to another, who may reject it, if for example it is laden with meth clean-up and has a negative value or is subject to an undesirable mortgage.

Race-notice defined:

Adj. [race from the notion of two parties rushing to the courthouse in order to be the first to record a claim or interest on the same property]
: of, relating to, or being a recording act which stipulates that an unrecorded deed, mortgage, or lien shall not be valid against a recorded one unless the recording party (as a subsequent purchaser from the same seller) had notice of the interest or claim of the other party when recording
compare notice pure race.
If one party purchases a property and records the deed, a subsequent purchaser is normally held to know about it - to have «constructive notice" of it - as a matter of law since it is a matter of public record. Under a race-notice statute, however, a subsequent purchaser cannot have constructive notice of an unrecorded deed, and so the recorded deed has priority unless the purchaser actually knew about - had «actual notice" of - the unrecorded deed.

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September 02

Randolph L. Smith, "RandolphLSmith"
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Randolph L. Smith, "RandolphLSmith"

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If you do not record the document of conveyance with the County Clerk, you have yet to provide constructive notice to the public / everyone.

If you fail to record, you can easily lose the property. Don't buy into some fairly tale that there is no need to do a title search before closing to verify ownership, and upon closing, making a bee line to the County Clerk to record and seal the deal.

If you procrastinate recording, and the seller sells it to another person who zips down and records before you, YOU LOSE !

If your local Realtor does not know this, use a Real Estate Lawyer.

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July 02

Randolph L. Smith, "RandolphLSmith"
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Randolph L. Smith, "RandolphLSmith"

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What's this, take a guess?

Legally, it is the day the sale is recorded into the county records / courthouse.

This is one reason you use a Realtor:

The seller might have your money, (but being a crook planning to fly to God knows where the next day) he might also have the money of 10 other people who hold their sales agreements in their hot litttle hands.
The first one who records the transaction becomes legal owner. Everyone else, nice try but no cigar. Good luck with that deal !

Just one of many bites awaiting in shark infested waters.
Call your local Realtor.

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July 02

wetdawgs
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closing date, i.e. when the seller has money in hand.

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July 02

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What exactly is the "sold date"? Is it the day an offer is accepted or the closing date or other?

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