Real estate is an exciting yet complicated industry, and one of the most significant challenges home buyers face is figuring out the hidden price on websites like realestate.com.au and domain.com.au when it is listed without a price whether that be “For Sale”, “By Negotiation” or “Auction”.
Here are some tips on how to figure out the hidden price on realestate.com.au, domain.com.au and many other real estate platforms:
- Look for the “Price Guide” section: Most property listings will have a “Price Guide” section that provides an estimated price range for the property. This information is usually based on recent sales data in the area and can give you a good idea of the property’s potential cost. However, keep in mind that this is only an estimate, and the actual selling price could be higher.
- Check the property history: You can also check the property’s sales history to get an idea of its past selling price. This information can be found on websites like realestate.com.au or domain.com.au, as well as public records. Keep in mind that the past selling price may not be an accurate reflection of the current market value, so take this information with a grain of salt.
- Research the local market: Understanding the local real estate market is crucial when trying to figure out the hidden price of a property. Look at recent sales data, market trends, and other factors that could impact the property’s value. You can also reach out to local real estate agents who can provide you with more information on the local market.
- Look for the “marketing price range” in the listing’s HTML: When an agent lists a property on realestate.com.au or domain.com.au, they must include a “marketing price range” to ensure the property appears in relevant search results. This range is often different from the actual asking price, and can sometimes be used to generate interest in the property. To find the marketing price range, right-click anywhere on the listing page and select “View page source.” This will open a new tab with the listing’s HTML. Use the Ctrl+f function to search for “marketing_price_range,” and you will see the range listed.
- Use the price filter to narrow down the hidden price: Another way to figure out the hidden price of a property is to use the price filter on realestate.com.au or domain.com.au. Enter the suburb where the property is located, and then click on the price filter. Play around with the price range until you think you are close to the actual number. Keep an eye on the property listings to see if the property is still showing up in the search results. When you can put the price range as the same number (e.g., $1,500,000 to $1,500,000) and the property still shows up, that number is likely the hidden price that the agent has entered in, and is what they have agreed with the owner as their sale price expectation.
- Get a professional valuation: If you’re still unsure about the property’s hidden price, consider getting a professional valuation. A property valuer can provide you with a comprehensive report on the property’s value based on a range of factors, including its location, size, and condition. This information can help you make an informed decision about whether the property is worth the asking price.
- Consider additional costs: When purchasing or renting a property, there are additional costs that you need to consider. These can include stamp duty, legal fees, and other expenses related to the purchase. Make sure to factor in these costs when calculating the property’s final price.
Keep in mind that these methods are not foolproof and the actual sale price could still be different from the hidden price, so it is important to use this information in conjunction with the other tips mentioned above.
In conclusion, figuring out the hidden price of a property on websites like realestate.com.au or domain.com.au can be a daunting task, but with a bit of research and due diligence, you can make an informed decision. Consider the tips above, and don’t be afraid to reach out to professionals for additional support and guidance. Happy house hunting!
