All Topics / Help Needed! / How long has it been on the market?

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  • Profile photo of solomonsolomon
    Participant
    @solomon
    Join Date: 2005
    Post Count: 43

    Is there a way to find out how long properties have been on the market without having to ask for each specific property?

    Is there a list of listed properties & when they were listed available to us & not just the RE agents?

    Regards,
    Solomon

    Profile photo of MichaelYardneyMichaelYardney
    Participant
    @michaelyardney
    Join Date: 2001
    Post Count: 616
    Originally posted by solomon:

    Is there a way to find out how long properties have been on the market without having to ask for each specific property?
    Regards,
    Solomon

    That’s a good question.

    Many properties are sold within the first 2 weeks of being listed if thy are priced fairly. Otherwise they site for a while until the vendor “meets the market”and we often find bargains for clients when they property has been on the market for close to 60 or 90 days and the agent starts to get edgey as his authority runs out and he thinks he will lose out on his commision. He will often try and pressure the vendor into selling.

    So how do you find out how long the property has been on the market?

    Ask the agent, or ask neighbours. In Victoria look at the date on the vendors statement

    Michael Yardney
    METROPOLE PROPERTIES
    Author of Australia’s leading property e-magazine.
    Join over 10,000 readers each month.
    FREE subscription http://www.metropole.com.au

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