I have limited access to RP data and I've been looking for properties in Brisbane- especially the Graceville Sherwood Chelmer areas.
Previously I had noticed a trend that some agents would report sales on RP Data almost a year after the sale. I figured that was so that people would see it in the Courier Mail (or on realestate.com) go "oh that's cheap lets ask the agent if they have any more at that (last year's) price." Sort of like bait and switch.
One agent told me that Ray white never reported figures so that no-one (not even other agents) would know what the market was doing. Certainly if a property is undersold or a buyer told it went for 550k when it only went for 505k it stops embarrassment for the agent by tardy reporting.
The latest trend is that the sales are reported to RP date but not the price- just listed at $0 instead. This weekend I noticed the Couriermails recent sales results included such properties- ie price listed as "n/a" - effectively useless info.
I will ask at the next open house I go to but I was wondering what is going on as it is through a few agencies this practice has recently started.
Any suggestions?
Previously I had noticed a trend that some agents would report sales on RP Data almost a year after the sale. I figured that was so that people would see it in the Courier Mail (or on realestate.com) go "oh that's cheap lets ask the agent if they have any more at that (last year's) price." Sort of like bait and switch.
One agent told me that Ray white never reported figures so that no-one (not even other agents) would know what the market was doing. Certainly if a property is undersold or a buyer told it went for 550k when it only went for 505k it stops embarrassment for the agent by tardy reporting.
The latest trend is that the sales are reported to RP date but not the price- just listed at $0 instead. This weekend I noticed the Couriermails recent sales results included such properties- ie price listed as "n/a" - effectively useless info.
I will ask at the next open house I go to but I was wondering what is going on as it is through a few agencies this practice has recently started.
Any suggestions?