How can I find the sold price for a property?

Hello,

So a mate sold his house and he's being evasive about how much he got for it. The REA has withheld the price and its not showing online.

I'm curious because my property sold around the same time in a private sale while his went to auction. The properties are not really comparable : mine had an extra bedroom + a self-contained teenager's retreat/in-laws house on a bigger lot and closer to the beach ; his had a pool and palm trees.

But I'm still curious to know how much he sold it for.

Is there anyway to find out?

Thanks,
JJB

Comments

  • +5

    Try https://www.onthehouse.com.au/. It has full property history.

    • +2

      Not sure why I didn't see your comments earlier. Yep, the price is there . Thanks.

  • +8

    ksou will have it up when the sale is official (ie. Stamp duty paid).

    You may have to wait a little.

    And your friend should look for better friends.

    • Thanks.He asked me how much I sold my place for and I told him. Not sure why he's being so evasive.

      • +1

        Maybe he got a really good price and he doesn't want you to be salty?

        Maybe he isn't doing things by the books and doesn't want to burden you with the knowledge of misdeeds?

        Maybe he got a bad price because he is desperate and needs to sell or foreclose.

        I am always transparent with my financial position with my mates (only if they ask) and I never want to know theirs. There's a saying, I can't quite remember but something about rice bowls and only checking others' to make sure there's enough.

      • +1

        You're free to discuss your own information to anyone you want. You're not entitled to others' financial information.

        How hard could that possibly be to grasp?

        • I wouldn't have shared how much sold my place for if I knew that his has sold for a lot less than it was worth. I would have been more considerate and not invited him over for drinks to celebrate selling my place. Now I feel like a right d#ck :(

          • @[Deactivated]: That's not on you - you had no way of knowing and that's fine. But going and trying to find out how much his sold for when he's being obvious about not wanting to share that information - that's not so great (All imo of course).

          • +1

            @[Deactivated]: What's the rough difference btn your and his property's sale price? $ and/or %.

            He probably paid more in sales commission/marketing costs by going to auction. Selling via auction in a weak market is silly - the agents have you by the balls on the day, pressuring you to revise your reserve price.

            his has sold for a lot less than it was worth

            How did you determine its worth?

            • @ihbh: My property sold for a little over 60% more than his did and we're only 1.5km from each other.

              We were lucky that our buyer fell in love with our property and literally walked to the front door and made an offer that my wife thought was too good to refuse. Our place wasn't even for sale.

              I believe the mistake my mate made was he went to an open house where he spoke to the agent who offered to appraise his current place to see if he could afford the new place. The appraisal he received on his current house was close to the price on the new place which had a floor plan that suited his family better. So he bought it and put his place up for sale and ended accepting an offer that was 140k less than the minimum he was told he would get because he couldn't service 2 mortgages :(

              • +2

                @[Deactivated]: You friend's biggest mistake was: In a falling market, sell first, then buy, not the other way round!

                With the market falling, the price at the time of sale to initial appraisal can be a big difference.

                1.5km can result in a significant price difference, especially if there are valuable location feature differences; e.g. yours is closer to the beach. I live in Sydney's North Shore and east of a big highway sells at a premium to west of the highway - location of amenities and shops, higher vs lower, period properties with building restrictions, etc.

                buyer fell in love with our property

                That's how yo get a good selling price - they are buying with their heart vs head.

                You can check comparable sales on your street for example, if there are recent ones, to see the premium paid.

                • +1

                  @ihbh: I couldn't find comparable sales. But we all walked away from that transaction with a big smile on our face. The Mrs was happy that the house was going to stay a family home and not replaced by townhouses.
                  We even caught up with the buyers for lunch afterwards. Then went straight out and bought a smaller house that suits us better. Still reeling from seeing all those 000's on the paperwork😵

                  We have a much smaller mortgage now than we did 14 years ago when we bought our first place and we don't feel like we've given up anything than we weren't happy to give up. It was a good week.

                  I'm just sad that things didn't work out as well for my mate. He's a good man and a hardworker and he now has a bigger mortgage than he first started with.

              • @[Deactivated]: Thinking of it now, it does sound like there's a conflict of interest if an agency gave you a free appraisal of your property knowing that you would use this information to decide whether or not to buy one of the properties they are selling. Is this even legal?

                • @[Deactivated]:

                  conflict of interest

                  Think of it as an incentive for the agent to provide a holistic solution for the customer (buyer). E.g. if they recommend a mortgage broker to help the buyer get financing (without any kickbacks).

  • +2

    Sometimes realestate.com.au withholds the price but you can tell how much by sorting by price and it will have properties slightly above and below.

    • +2

      Thanks! The one just above it sold for $970,000 and the one below it sold for $965,000 . His property was worth a lot more than that :( Poor bugger, no wonder he doesn't want to talk about it.

      • More in your eyes, the market spoke and he didn't have to sell.

      • Yeah, he'll be reading this anytime now.

        • He's not an ozbargainer. Maybe that's where he went wrong 🤔

  • +2

    You're a funny one, up there with AlienC…super active with random forum topics recently…

    Some people are funny when it comes to money.

    • +1

      There's a method in my madness, you just can't see it :p

      Edit : Also the Mrs uses my account when she feels like it and says/posts stuff that I never would.

  • +2

    So a mate sold his house and he's being evasive about how much he got for it.

    So maybe respect that instead of sticking your nose into it?

  • Are houses really selling for $6.5 million in Strathfield NSW. Yikes. Same price as those houses in the eastern suburbs.

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