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Buyer databases help agents sell properties

By Staff Reporter
18 January 2010 | 1 minute read

More real estate agents are using buyer databases to capture genuine and instant buyers, snagging a sale before properties even go public.

Buyer’s agent databases pose benefits for agents and sellers alike in terms of cost and turnaround time. In some cases, properties are sold before a marketing campaign, online advertising or a "for sale" sign is required.

Private vendors reluctant to list multimillion-dollar mansions publicly are reaping the benefit of silent agent networks, which attract genuine buyers. But the trend is now filtering down to the lower end of the market, with homes on Sydney’s beachside suburbs, inner-west, east and North Shore going before they are officially “listed” on the public market.

According to The Daily Telegraph, potential buyers in areas like Palm Beach and Maroubra are turning to agents who, for a fee of about $13,000 to $21,000 or 1.8 per cent of the sale price, evaluate a property's suitability, then bid at auction or negotiate the best deal.

Real Estate Buyers Association president Byron Rose told the daily that silent listings had surged since the global financial crisis.

"When people advertise in a downturn, they think there's a financial problem with the people selling, but that's not always the case," Mr Rose said.

NSW Real Estate aInstitute president Wayne Stewart urged buyers to get on agents' databases for property previews in a surging market of "instant buyers".

"Agencies have extensive databases, updated daily. Buyers come in through this marketplace and snap houses up before they hit the market officially," Mr Stewart said.

Buyer databases help agents sell properties
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Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.