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  • Profile photo of dtrumpdtrump
    Participant
    @dtrump
    Join Date: 2010
    Post Count: 50

    Hi,

    A property i am curious in is no longer listed and did not sell. Is there anyway i can find out who the owner of the property is (its currently tenanted)?

    View is to bypass the agent and negotiate a sale with the owner directly? Thus saving money for both the buyer and the seller hopefully.

    Any risks to be aware of with this idea?

    Cheers,
    dtrump

    Profile photo of IP FreelyIP Freely
    Member
    @ip-freely
    Join Date: 2008
    Post Count: 353

    Do a title search through one of the suppliers listed in Google or Land Titles Office.

    Profile photo of LHLH
    Participant
    @lh
    Join Date: 2010
    Post Count: 97

    And get in contact with a good lawyer/conveyancer to cover your own interests.

    Profile photo of sonyasalsonyasal
    Member
    @sonyasal
    Join Date: 2008
    Post Count: 421

    Just something to be aware of, did you inspect the property when it was listed for sale? If so the agent can claim that they 'introduced you' to the property and impose their commission on the vendor. So the vendor  may still want a higher price to cover these costs. I am not sure how long after the property has been taken off the market the agent can calim this commission. May be worthwhile making some 'hypothetical' enquiries so you know where you stand

    cheers

    Sonya

    Profile photo of dtrumpdtrump
    Participant
    @dtrump
    Join Date: 2010
    Post Count: 50
    sonyasal wrote:
    Just something to be aware of, did you inspect the property when it was listed for sale? If so the agent can claim that they 'introduced you' to the property and impose their commission on the vendor. So the vendor  may still want a higher price to cover these costs. I am not sure how long after the property has been taken off the market the agent can calim this commission. May be worthwhile making some 'hypothetical' enquiries so you know where you stand

    cheers

    Sonya

    That’s a good point and I did wonder if something like that existed. I did view the property and it was within the last 2 months. This may be a little more complex than first anticipated. It is very handy to know nevertheless

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