Are there any other opinions except Domain and real estate.com?

Discussion in 'Property Information Resources & Tools' started by Sydneysummer, 2nd Mar, 2018.

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  1. Sydneysummer

    Sydneysummer Well-Known Member

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    Recently I heard one of my friends’s friends bought a house at low price. Lower than market price. I heard he did not buy property through domain or real estate.com website. But he did not say where he actually bought from.
    I am wondering where could ppl buy property from except Domain and real estate.com website? Any idea?
     
    Sydneysummer, 2nd Mar, 2018
    #1
  2. Scott No Mates

    Scott No Mates Well-Known Member

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    Gumtree, local paper, poster on telegraph poles, off-market.

    PS. There is No "Buy Now" or "Shopping cart" buttons on domain or re.com websites.
     
    Scott No Mates, 2nd Mar, 2018
    #2
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  3. D.T.

    D.T. Specialist Property Manager Business Member

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    Basically just realestate.com.au in SA and Allhomes in ACT. The others don't get much traffic.

    Domain mostly has popularity in Sydney only.
     
    D.T., 2nd Mar, 2018
    #3
  4. KinG3o0o

    KinG3o0o Well-Known Member

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    as mentioned above, these are just advertising sites, you cant actually buy anything on these sites or any other real estate sites that i know
     
    KinG3o0o, 2nd Mar, 2018
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  5. Smasher

    Smasher Well-Known Member

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    The only genuine reasons I can think of that a vendor would sell for lower than market price is if they knew or were somehow related to the buyer. Either that or they are elderly and were duped into selling for that price.
     
    Smasher, 2nd Mar, 2018
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  6. HUGH72

    HUGH72 Well-Known Member

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    Forced sale, employment transfer, divorce and funds needed urgently are the obvious ones that come to mind.
     
    HUGH72, 2nd Mar, 2018
    #6
  7. DaveM

    DaveM Well-Known Member

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    Probably 25% of what I buy is off market deals from agents that never make it to the internet.
     
    DaveM, 2nd Mar, 2018
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  8. Peter_Tersteeg

    Peter_Tersteeg Mortgage Broker Business Member

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    Your friend may have been talking to the right agent at the right time and found something before it went on the market. This only happens when you're out there on the streets. It doesn't happen online.
     
    Peter_Tersteeg, 2nd Mar, 2018
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  9. Smasher

    Smasher Well-Known Member

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    Funnily enough I bought a house off a divorcing couple on Wednesday.

    At Auction, but $20k under reserve because they were desperate to offload it.
     
    Smasher, 2nd Mar, 2018
    #9
  10. Pentanol

    Pentanol Well-Known Member

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    Wouldn't it be easier just to ask your friend?

    Most likely through a real estate friend who have some off-market stuff or buyer's agent? He may have even done his own research, but unless you ask you never know.

    buyMyplace: Sell My House | Sell your own home is another site where people are listing their places if I'm not mistaken where sellers save a fair bit on agency fees and may pass it onto the buyer.
     
    Pentanol, 2nd Mar, 2018
    #10
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  11. Sydneysummer

    Sydneysummer Well-Known Member

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    Thanks for all the opinions. I just start my journey to buy property.
     
    Sydneysummer, 2nd Mar, 2018
    #11
  12. Ted Varrick

    Ted Varrick Well-Known Member

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    Perhaps some consideration is in order before asking, just in case...

    Maybe your friend made him an offer he couldn't refuse, vis a vis

     
    Ted Varrick, 4th Mar, 2018
    #12
  13. Arashi87

    Arashi87 Well-Known Member

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    perhaps it is time to unfriend him ;)
     
    Arashi87, 5th Mar, 2018
    #13
  14. KinG3o0o

    KinG3o0o Well-Known Member

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    value of purchase ?

    at 500k = good discount.
    for $1m. 20k is nothing.... if its more than $1m. 20k is nothing nothing.


    context is everything
     
    KinG3o0o, 5th Mar, 2018
    #14
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