RE.com.au - backend prices

Discussion in 'The Buying & Selling Process' started by qak, 29th Sep, 2017.

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  1. qak

    qak Well-Known Member

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    If you are selling a property, I understand the agent inputs a (single) price into the backend of RE.com.au so that searches know where to rank the property in searches by prices.

    See Price ranges and listings

    If the agent has given the vendor a 10% range, what price should they be putting in the backend - low/high/mid - or something else? Is there a 'strategy' when inputting a price here?
     
  2. Propertunity

    Propertunity Well-Known Member

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    Incorrect.

    Not related to what the vendor has been advised. I see some REAs that put in a backend range in re.com.au beginning with $100K - so every listing of theirs turns up in every search you do :(

    The more honest REAs give a genuine range.

    Search "maxPrice" in the HTML code of the re.com.au advertisement and you will see something like this:
    prop_minPrice=650000&prop_maxPrice=800000&amp
     
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  3. qak

    qak Well-Known Member

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    With respect, do you have a source for this?
    That information from RE.com.au I linked was updated 2 days ago.
     
  4. LifesGood

    LifesGood Well-Known Member

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    Of course the agent puts a price in, otherwise it wouldn't show up in any search results.
     
  5. qak

    qak Well-Known Member

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    Yes, I know that, I said it in the OP.

    My question is which price the agent puts in, when they have given the vendor a price range.
     
  6. LifesGood

    LifesGood Well-Known Member

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    Yep, I was actually making reference to @Propertunity saying you were incorrect. In terms of which price the agent will put...definitely no hard and fast rule. But as also mentioned, looking through the website code might help you find prices for specific listings.
     
  7. D.T.

    D.T. Specialist Property Manager Business Member

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    This is a screenshot from my login. I don't think "back end" price works quite like you think it does. The figure in the price field is where the property will rank in terms of listing order, you aren't able to put a range here. Not sure in your state, but here an agent can't give a vendor a range.

    Obviously as per the section below it, you can choose for the ad to show that price or a different one by typing information in the text box below it. Each state will have real estate laws that govern how this can be used. Eg here the price can't be under what vendor is prepared to accept, and range has to be certain percentage, etc. Granted not everyone follows the law, but still.



    upload_2017-10-4_10-6-59.png
     
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  8. qak

    qak Well-Known Member

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    Thanks for posting that - the single price input; and the listing order, is what I understood from the RE.com.au website.

    Here in NSW agents can quote a range to the vendor, with not more than 10% difference ie can quote $1m - $1.1m. I wasn't aware that ranges weren't allowed to be quoted to vendors in other states (that sounds difficult to manage!)

    So my question was really - if the agent gave the vendor a range of $1-1.1m; what single price would they choose input to RE.com.au, knowing that impacts what a potential buyer will see?
     
  9. LifesGood

    LifesGood Well-Known Member

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    In that case you'd put 1mill wouldn't you? Then you'd still capture people searching 900-1mill for example.
     
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  10. qak

    qak Well-Known Member

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    Well, *I* would, but an REA might have a different idea?

    And I think I have been confusing people with a lack of information (sorry!) - my question was in the context of an auction sale ...
     
  11. firststep

    firststep Member

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    Nice one.
     
  12. Shady

    Shady Well-Known Member

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    ...and from realcommercial.
    I hovered the mouse over the little question mark which shows their explanation.
    There's no range either, just one price.
     

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