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Advertise before settlement; Rental advertising?
Topic Started: 7 Oct 2016, 12:30 AM (2,210 Views)
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My fiance and myself have recently sold our first house and settlement is tomorrow. We have told the buyer that we are a very private couple and they cannot take photos or advertise our house for rent until settlement is over. Our last night in our house was tonight and we had a nice family dinner to celebrate our last night. We walked out the front to say goodbye to our families where we found a for lease sign bolted to our front fence. Whilst we were having dinner, the new real estate agent had put a sign up out the front. Settlement is not until tomorrow afternoon. Its hard enough selling your first ever house and to come out the front and see this on your last night....it was horrible. Is the real estate allowed to do this before settlement day/time. Especially without our permission. I live near Geelong in Victoria. Thanks.
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Rastus2
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Bjlong
7 Oct 2016, 12:30 AM
My fiance and myself have recently sold our first house and settlement is tomorrow. We have told the buyer that we are a very private couple and they cannot take photos or advertise our house for rent until settlement is over. Our last night in our house was tonight and we had a nice family dinner to celebrate our last night. We walked out the front to say goodbye to our families where we found a for lease sign bolted to our front fence. Whilst we were having dinner, the new real estate agent had put a sign up out the front. Settlement is not until tomorrow afternoon. Its hard enough selling your first ever house and to come out the front and see this on your last night....it was horrible. Is the real estate allowed to do this before settlement day/time. Especially without our permission. I live near Geelong in Victoria. Thanks.

Short answer, nope.

They often advertise it prior to settlement (after it is unconditional), but can not show anyone through, or do anything to the property (or fence).

Having said that, they will often try to streamline for an investor so that the day after settlement, a Tennant is able to move in.

I would tear down the sign and put it in the bin if it was me.
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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Rufus
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Rastus2
7 Oct 2016, 10:08 AM
I would tear down the sign and put it in the bin if it was me.
That is a very petty act of bastardry IMHO, and extremely dumb to boot.

He has just sold a house for a price that he is happy with. So now he destroys the buyers property on the eve of settlement. That leaves him open to legal action, and the buyer can say stuff you I'll deduct $2000 at settlement for a new sign and delay settlement for a couple of weeks and if you don't like it sue me.

Remember the seller is packed to go, he has a solicitor ticking away money, a loan that is costing him money, house removers at the ready that may not be able to rebook at a later time, and possibly a purchase of another home.

Seriously would you really give someone that advice when the buyer has the upper hand at this point.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Jon Snow
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Bjlong
7 Oct 2016, 12:30 AM
My fiance and myself have recently sold our first house and settlement is tomorrow. We have told the buyer that we are a very private couple and they cannot take photos or advertise our house for rent until settlement is over. Our last night in our house was tonight and we had a nice family dinner to celebrate our last night. We walked out the front to say goodbye to our families where we found a for lease sign bolted to our front fence. Whilst we were having dinner, the new real estate agent had put a sign up out the front. Settlement is not until tomorrow afternoon. Its hard enough selling your first ever house and to come out the front and see this on your last night....it was horrible. Is the real estate allowed to do this before settlement day/time. Especially without our permission. I live near Geelong in Victoria. Thanks.

Strictly speaking, the agent was trespassing.

But you know what? Harden the f*** up.
Speak when you are angry and you will make the best speech you will ever regret.
Ambrose Bierce
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Rastus2
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Rufus
7 Oct 2016, 06:46 PM
That is a very petty act of bastardry IMHO, and extremely dumb to boot.

He has just sold a house for a price that he is happy with. So now he destroys the buyers property on the eve of settlement. That leaves him open to legal action, and the buyer can say stuff you I'll deduct $2000 at settlement for a new sign and delay settlement for a couple of weeks and if you don't like it sue me.

Remember the seller is packed to go, he has a solicitor ticking away money, a loan that is costing him money, house removers at the ready that may not be able to rebook at a later time, and possibly a purchase of another home.

Seriously would you really give someone that advice when the buyer has the upper hand at this point.
The sign is not the buyer's. I assume it is a small disposable sign since it is just for rent.

The buyer has no right to deduct any money for the current owner removing a sign that was not legal to be erected on the current owner's property in the first place.

The time for a new buyer to allow an REA to erect signs, or even demolish the house, is immediatly after settlement, and not prior, unless the current owner agrees beforehand.

In the same way, I would throw any other signs erected on my property without my consent.

Edited by Rastus2, 7 Oct 2016, 07:30 PM.
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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Rufus
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Rastus2
7 Oct 2016, 07:25 PM
The sign is not the buyer's. I assume it is a small disposable sign since it is just for rent.

The buyer has no right to deduct any money for the current owner removing a sign that was not legal to be erected on the current owner's property in the first place.

The time for a new buyer to allow an REA to erect signs, or even demolish the house, is immediatly after settlement, and not prior, unless the current owner agrees beforehand.

In the same way, I would throw any other signs erected on my property without my consent.
You can't imagine how naïve that advice is on the eve of settlement.

Edited by Rufus, 7 Oct 2016, 07:53 PM.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Will
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Bjlong
7 Oct 2016, 12:30 AM
My fiance and myself have recently sold our first house and settlement is tomorrow. We have told the buyer that we are a very private couple and they cannot take photos or advertise our house for rent until settlement is over. Our last night in our house was tonight and we had a nice family dinner to celebrate our last night. We walked out the front to say goodbye to our families where we found a for lease sign bolted to our front fence. Whilst we were having dinner, the new real estate agent had put a sign up out the front. Settlement is not until tomorrow afternoon. Its hard enough selling your first ever house and to come out the front and see this on your last night....it was horrible. Is the real estate allowed to do this before settlement day/time. Especially without our permission. I live near Geelong in Victoria. Thanks.
One thing I would recommend, is to consider the world is full of people. Each of those people behave a differently, interact with each other a little differently.

We all need to be a little tolerant. That includes you.

Is it really that much of concern if the agent put the sign out one day early? does it really make even a hint of difference to your life? I really doubt it.
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Rastus2
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Rufus
7 Oct 2016, 07:52 PM
You can't imagine how naïve that advice is on the eve of settlement.
Chill a bit Peter... pulling down a cheap for lease sign is hardly a deal breaker, let alone a valid reason to demand $2,000 discount on a property :re:

I can imagine how rude it is to put a for lease sign on a property you don't own yet without permission while the vendor is still living there.

If you are seriously proposing that a buyer would threaten to let the sale collapse and lose their deposit over a for lease sign being removed, then you probably need to step back and reconsider that likelihood before calling my comment naïve.

The sale has not happened until settlement, that is the law. There is no 100% guarantee that the vendor will get their money until settlement itself... that is why the keys are not usually handed over until the actual settlement, let alone if the vendor is still living there.

Tell me, is it ok if the prospective owner starts cutting down trees on the eve of settlement without permission and while the current owners are still living there ? Obviously not.
Edited by Rastus2, 7 Oct 2016, 08:53 PM.
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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Rufus
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Rastus2
7 Oct 2016, 08:48 PM
Chill a bit Peter... pulling down a cheap for lease sign is hardly a deal breaker, let alone a valid reason to demand $2,000 discount on a property :re:

I can imagine how rude it is to put a for lease sign on a property you don't own yet without permission while the vendor is still living there.

If you are seriously proposing that a buyer would threaten to let the sale collapse and lose their deposit over a for lease sign being removed, then you probably need to step back and reconsider that likelihood before calling my comment naïve.

The sale has not happened until settlement, that is the law. There is no 100% guarantee that the vendor will get their money until settlement itself... that is why the keys are not usually handed over until the actual settlement, let alone if the vendor is still living there.

Tell me, is it ok if the prospective owner starts cutting down trees on the eve of settlement without permission and while the current owners are still living there ? Obviously not.
How do you know it's a cheap sign, and it's on the footpath which isn't the property of the vendor.
A vendor with a removal van waiting with perhaps another purchase riding on the sale is highly exposed.

it's not a clever time to get uppity.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Jon Snow
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Rufus
7 Oct 2016, 09:34 PM
How do you know it's a cheap sign, and it's on the footpath which isn't the property of the vendor.

Don't know about Victoria ... but pretty sure it is illegal to erect anything on the median strip in NSW. It is government property after all.
Speak when you are angry and you will make the best speech you will ever regret.
Ambrose Bierce
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