Agents who list stale properties as 'New'

Discussion in 'The Buying & Selling Process' started by balwoges, 22nd Sep, 2015.

Join Australia's most dynamic and respected property investment community
  1. balwoges

    balwoges Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,706
    Location:
    Lake Macquarie
    Been watching listings for a while and have come across 2 agents who are doing this - is it legal?
     
  2. Propertunity

    Propertunity Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    3,476
    Location:
    NSW
    New price?
    New motivation for selling?
    New text of the advertisement?
    Newly updated listing after old listing pulled?
    New what?
     
  3. wylie

    wylie Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    14,014
    Location:
    Brisbane
    If it is a new listing for that agent, then I don't see a problem.
     
  4. balwoges

    balwoges Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,706
    Location:
    Lake Macquarie
    Same agent, same property, updated photos, same price ... 1 listing 12 months old the other about 2 months.
     
  5. Propertunity

    Propertunity Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    3,476
    Location:
    NSW
    There you go - new photos :)

    All selling agents do it. If you have a past "for sale" history on the property, you know what they're up to anyway.
     
  6. Perthguy

    Perthguy Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    11,767
    Location:
    Perth
    Is the agent listing the property as "new" or is the real estate site displaying "new" on the listing? I know when I was trying to rent my place in Perth, I got the agent to unlist it for a week and relist it with a revised price and new marketing text. re.com.au showed it as "new" because that is the way the site works, nothing to do with the agent.
     
    Propertunity likes this.
  7. balwoges

    balwoges Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,706
    Location:
    Lake Macquarie
    [QUOTE="I got the agent to unlist it for a week and relist it with a revised price and new marketing text. re.com.au showed it as "new" because that is the way the site works, nothing to do with the agent.[/QUOTE]

    Ah! That explains it :D
     
    legallyblonde likes this.
  8. WestOz

    WestOz Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,259
    Location:
    WestOz
    What annoys me with the sites is you set a filter but get listings not relevant to it.

    I.e. Filter - House, min 1x bed, 1x bath.
    Result includes... - Vacant block the rep has listed with 1x bed, 1x bath
    Or, Resort Apartment with strata fees of >2k per quarter
     
  9. legallyblonde

    legallyblonde Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    858
    Location:
    TAS
    Agree! I hate looking for houses and having it suggest land with x beds
     
  10. Big Will

    Big Will Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,517
    Location:
    Melbourne, Australia
    I have one up to 600k and I get results of an auction property advertised 640-690k, would likely sell for 750k.

    All are annoying...
     
  11. htopg

    htopg Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    434
    Location:
    Sydney
    Those practices should not be fine.
    Those agents should be fined.
     
  12. Big Will

    Big Will Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,517
    Location:
    Melbourne, Australia
    I just email back the agent going how come I get this in my notification when I have set it up to 600k and I am yet to get a response (CBF following up). I know why I got it because they put their hidden minimum figure as something like 590k.
     
  13. Big Will

    Big Will Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,517
    Location:
    Melbourne, Australia