Tips & Tricks: Market Compare Report

Agents using our Market Compare Report tell us they’ve been earning $50,000+ more commission. So what is this report, and how does it offer such value?

Market Compare Report
Market Compare Report

The Market Compare Report shows:

  • Days on market
  • Vendor discounting from listing to sale

This helps you at appraisals, during listings and when hunting new opportunities.

We track every listing in Australia when it first comes on market, and each time it is advertised to get number of days on market. Using the first and last prices published, we work out the percentage discount. Once we have the sale price, we also calculate the vendor discount.

You don’t need to worry about agents ‘resting’ their properties or vendors changing agents affecting the accuracy of the stats, as these won’t reset our count of days on market. However, we can only track when the property is listed with a valid address, and Auctions will not show vendor discounts unless they pass in and go on sale.

Generate Market Compare Report
Generate Market Compare Report

Offering vendors hard facts and accurate comparables will let you win more listings at better prices. You can find more opportunities from your suburb’s listings and know how close they are to expiry. In a down market, every listing counts – you can’t afford to be without the RP Data Market Compare Report.

For more tips and tricks, learn how the Market Compare Report can help you to appraise, sell and win listings, or why not try out the report for yourself via RP Professional?

For more information, check our Getting Started Guide (also available in the ‘Help’ section of RP Professional), contact us on 1300 734 318 or email training@rpdata.com to sit our advanced real estate workshop, either online or in the classroom.

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