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Advertise before settlement; Rental advertising?
Topic Started: 7 Oct 2016, 12:30 AM (2,213 Views)
zaph
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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.
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.
I've never seen an expensive sign on an individual resi place. It was bolted onto the fence, not the footpath. It's clearly trespass.

I agree with Jon the vendor needs to harden up. But equally, the rental agent needs to be a little more respectful.

If it upset me, I'd just throw it in the bin and say nothing - likely some kids stole it. Just as likely the kids drew a giant phallus on it.
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Rufus
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Jon Snow
7 Oct 2016, 10:23 PM

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.
In Qld pretty much all for sale and for lease signs are on the footpath.

The council will only be concerned if they stay a long long time
Take risks - if you win you will become wealthy, if you lose you will become wise
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Rastus2
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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.
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.
Go back and read again... sign was bolted to their front fence...

The buyer still loses their deposit if they are stupid enough to get uppity... how many times do you think that scenareo would happen ?

I think throwing the sign out is not going to cause the sale to fall over, or a legitimate demand for $2,000 discount, but if you know of such examples, then feel free to state so.
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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doubleview
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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.
Yeh its pretty rude ! common decency says just wait - but honestly you have to ask yourself is it really worth worrying about !
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A Lurker
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Rastus2
8 Oct 2016, 12:01 AM
Go back and read again... sign was bolted to their front fence...

The buyer still loses their deposit if they are stupid enough to get uppity... how many times do you think that scenareo would happen ?

I think throwing the sign out is not going to cause the sale to fall over, or a legitimate demand for $2,000 discount, but if you know of such examples, then feel free to state so.
Cash is king when it comes to the purchase transaction. As a seller (especially if you are upgrading the same day) you want the sale to go as smoothly as possible. Why bother antagonising the agent and seller by doing something as petty as throwing out a sign the day before they are to pay you?

A purchaser can delay settlement for up to a couple of weeks for really no reason and as a seller you will accept a small discount to get the deal completed.

Throwing out the sign is petty and potentially financially disadvantageous so you'd be stupid to do it.

The letting agent did the wrong thing but seriously no big deal. I guess some people just like looking for drama even when there is none.
Edited by A Lurker, 9 Oct 2016, 09:46 AM.
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Foxy
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Zero is coming...

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.
Let it go man.

Signs on properties is so 2000's.

Online is the only way to advertise these days.

So smile, say thank you and walk away.

Good luck.

Peter
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Guest
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Not much to say really. The agent knows the rules, he did the wrong thing. The most likely case is that the settlement was on Friday and these new owners wanted to get the weekend in and a tenant in asap. The agent most likely tickled there fantasy prior to sale that would they could advetise prior to settlement and have a tenant in there from day 1.

And while we can sit back and say just get over it, which is the best thing really, if it were me I would most like be pretty pissed off, as would most of you.

But what is done ,is done. No point worrying too much, you are probably well gone. But thanks for sharing none the less. And good luck with your ventures.

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Rastus2
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A Lurker
9 Oct 2016, 09:44 AM
Cash is king when it comes to the purchase transaction. As a seller (especially if you are upgrading the same day) you want the sale to go as smoothly as possible. Why bother antagonising the agent and seller by doing something as petty as throwing out a sign the day before they are to pay you?

A purchaser can delay settlement for up to a couple of weeks for really no reason and as a seller you will accept a small discount to get the deal completed.

Throwing out the sign is petty and potentially financially disadvantageous so you'd be stupid to do it.

The letting agent did the wrong thing but seriously no big deal. I guess some people just like looking for drama even when there is none.

Actually, In a buyers market, vendor is king/queen.

The agent would be desperate to ensure their commission is safe. They don't want either side to jeopardize it.. it was, clearly, the new rental management agent rather than the selling agent that was responsible for the sign.

Many years ago, I have had an agent come around on a Saturday to put up some balcony railing as the inspection found it a little of a concern for the buyer... When I told him that the balcony was fine when it was constructed, he offered to temp. fix it up himself. Looked ugly to me, but the buyer was happy.

The sale of your 1st house can be an emotional thing, often torn. It was a storm in a tea cup, but that is how those kind of emotional events are.

Can you please explain, how, on the eve of settlement, a purchaser has the legal power to delay settlement without the vendor's approval... my understanding is that their deposit is in jeopardy if they do not have consent to delay.

If someone wants to walk away from their deposit, they can probably take a shit on the lawn and walk away... if not, they had better ensure they abide by the contract.
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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A Lurker
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Rastus2
9 Oct 2016, 02:10 PM

Actually, In a buyers market, vendor is king/queen.

The agent would be desperate to ensure their commission is safe. They don't want either side to jeopardize it.. it was, clearly, the new rental management agent rather than the selling agent that was responsible for the sign.

Many years ago, I have had an agent come around on a Saturday to put up some balcony railing as the inspection found it a little of a concern for the buyer... When I told him that the balcony was fine when it was constructed, he offered to temp. fix it up himself. Looked ugly to me, but the buyer was happy.

The sale of your 1st house can be an emotional thing, often torn. It was a storm in a tea cup, but that is how those kind of emotional events are.

Can you please explain, how, on the eve of settlement, a purchaser has the legal power to delay settlement without the vendor's approval... my understanding is that their deposit is in jeopardy if they do not have consent to delay.

If someone wants to walk away from their deposit, they can probably take a shit on the lawn and walk away... if not, they had better ensure they abide by the contract.
You are totally wrong.

The purchaser can not complete on the scheduled day for any reason and no reason and they have nothing at jeopardy other than a tiny amount of interest. The Vendor then has to give them a notice to complete and only (I think) 10 or maybe 5 business days after that notice is given and completion hasn't occurred the deposit is in jeopardy. The purchaser can settle at any time up to then with very little penalty - nominal at best. If they are an investor purchaser as in the case of this story it would really be no bother.
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Rufus
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A Lurker
9 Oct 2016, 02:27 PM
You are totally wrong.

The purchaser can not complete on the scheduled day for any reason and no reason and they have nothing at jeopardy other than a tiny amount of interest. The Vendor then has to give them a notice to complete and only (I think) 10 or maybe 5 business days after that notice is given and completion hasn't occurred the deposit is in jeopardy. The purchaser can settle at any time up to then with very little penalty - nominal at best. If they are an investor purchaser as in the case of this story it would really be no bother.
Especially true if the vendor has his next place on contract. He is absolutely at the mercy of the buyer.
Mind you most reasonable buyers don't abuse that moment of power because they want the house, but it's not a smart time to mess them around over a silly issue like this.

Take risks - if you win you will become wealthy, if you lose you will become wise
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