Why does RPData allow a vendor to withhold a sold price?

Is it so an agent gets enquiries direct and therefore increases their databases for prospective purchasers/vendors?

 

I reckon the agent may not want to publicize it as they have another buyer who they've let miss out (pehaps flicked the property to the brother in law cheaply) but have assuaged them by saying it went for more than it did.

When an agent gets a good result (high price) the world knows about it. A poor result will hopefully be buried in time by non disclosure.

 

Can we specifically request the agent not to disclose the Sale Price of a property that we are buying?

If yes, does anyone know the process or could be just requesting the Real Estate agent managing the transaction?

I guess this might come handy in case the buying price we are getting for the property is a bit lower than the expected market value and, hence, not publicly listing the price would help a future evaluation of that property not to go on the lower side.

Thanks
AusMover

 

It comes out eventually.
I wonder how they keep it out of there originally.

 

They report the sales to RPdata, after about 3-4 months it will be listed on RPdata as I think they get it from SRO (not 100% sure) but it will come out.

RE and Domain the REA will update themselves and can be for a magnitude of reasons;

1. Company policy
2. Start a conversation with buyers or maybe a neighbor who was thinking of selling
3. Got a great price and someone didn't want it displayed
4. Got a bad price and they didn't want to display it
5. Vendor or purchaser wants to hide from family & friends
6. Don't want the neighbours to find out how much they paid
7. etc etc

 

So I guess we are saying that: ... there could be an initial hiding from RE.com.au, but eventually the price would definitely show up on RPdata searches.....

 

Yeah, I don't remember not being able to find a sales price a month or 2 later.
Anyone else seen one hidden semi-permanently?

 

Have always tried but never been successful to date

 

Which property if can ask?

 

Really?

 

In Victoria sale prices are quite often not disclosed under the privacy act. The various reporting systems (RP Data, Residex, AVM) can see the sale price for purposes of their reports, but they can't disclose it. Professional memberships to these services also allow access to that data.

If an individual doesn't want their purchase price known to the public, it's reasonable that they can request it not be publically disclosed.

 

Thanks Peter.

 

If I know the agent I may be able to find out given Wylie is a local.

 

In NSW prices show up after the dust has settled and new titles registered.

I have seen only names withheld on a few properties which are owned by 'significant' people eg: judges, pollies etc

 

Is that a polite way of saying I am not important

 

Could be , I notice that my 'significant other' doesn't appear either.

 

There was an errant quote from me from another thread for some reason.