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  1. #21
    Join Date
    Sep 2007
    Location
    Auckland
    Posts
    7,474

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    Quote Originally Posted by eri View Post
    as they say

    location, location, location

    for $700k?

    i'd be going metropolis, connaught, statesman, towerhill, pulman, precinct, hyatt quay west etc. in the already builts

    and

    queens residences, victoria residences, park residences etc. in the new or almost finished
    Ok, thanks eri.

  2. #22
    Join Date
    Oct 2013
    Posts
    1,432

    Default

    Quote Originally Posted by Davo36 View Post
    1) Martin Dunn (manager, City Sales) think it's getting very hard for developers to build apartments and the number under construction will get to basically 0, which means it's a good time to buy! Ever heard a real estate agent say it's a bad time to buy?
    The apartment I bought has an interesting term in it's BC rules, in the definitions section:

    "Banned Company" means City Sales Limited (or any other real estate company which is operated by Martin Samuel Dunn)

    Later, somewhere (is a scanned document so I can't do a search) it mentions something about not letting the Banned Company onto the premises.

    I'd love to know if anyone knows why this would be? Does Martin have scandal in his past? Happy for it to be in a PM if it's too salacious to be posted on the general forum!

    EDIT: Found it. Not as strict as I remember, just not allowed to appoint the Banned Company as a sales agent of any Unit
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  3. #23
    Join Date
    Sep 2007
    Location
    Auckland
    Posts
    7,474

    Default

    Quote Originally Posted by Anthonyacat View Post
    The apartment I bought has an interesting term in it's BC rules, in the definitions section:

    "Banned Company" means City Sales Limited (or any other real estate company which is operated by Martin Samuel Dunn)

    Later, somewhere (is a scanned document so I can't do a search) it mentions something about not letting the Banned Company onto the premises.

    I'd love to know if anyone knows why this would be? Does Martin have scandal in his past? Happy for it to be in a PM if it's too salacious to be posted on the general forum!

    EDIT: Found it. Not as strict as I remember, just not allowed to appoint the Banned Company as a sales agent of any Unit
    There was a guy on PT a long time ago called Terry who had a deal with a sales person in City Sales. The agent would sign up the gullible - this was in the days prices were normally put on apartments - telling them that their place was only worth $160k sorry. Then call Terry who'd buy it for that, then immediately flick it on for $20k to $50k profit. He did many of these and was eventually banned from buying any more from City Sales. Dunno if the sales person was ever censured.

    So that is really a problem with one sales person as opposed to the agency itself. And might well happen in other agencies from time to time.

    EDIT: Thinking about it some more, the BC rules are made by the developer right? So they must have had trouble with City Sales.

  4. #24
    Join Date
    Sep 2008
    Posts
    7,006

    Default

    was that bianco?

    something about someone

    thinking city sales were predatory

    when bluechip went titsup?
    have you defeated them?
    your demons

  5. #25
    Join Date
    Sep 2008
    Posts
    7,006

    Default

    City Sales sells 3 units at Bianco where body corp bans that agency

    a result of developer Tim Manning’s animosity towards Mr Dunn for his approach to marketing cbd apartments during the market downturn. in 2008

    http://www.propbd.co.nz/city-sales-s...s-that-agency/

    more halfway down here

    https://www.propertytalk.com/forum/s...-tactics/page7
    Last edited by eri; 29-09-2017 at 06:05 PM.
    have you defeated them?
    your demons

  6. #26

    Default

    Many agents have a buyers list, but if they know the buyer will just flick it easily over and over then they should be working with the seller to get a higher price. That's assuming there is a market tho. During the GFC I bought houses at mortgagee or close to it and I was usually the only buyer. This is pre my being involved in an agency, these days I'd probably disclose something if I went back to trading.

    The agency would know that a lot of sales were going to the same guy and quickly, after a while.

    Quote Originally Posted by Davo36 View Post
    There was a guy on PT a long time ago called Terry who had a deal with a sales person in City Sales. The agent would sign up the gullible - this was in the days prices were normally put on apartments - telling them that their place was only worth $160k sorry. Then call Terry who'd buy it for that, then immediately flick it on for $20k to $50k profit. He did many of these and was eventually banned from buying any more from City Sales. Dunno if the sales person was ever censured.

    So that is really a problem with one sales person as opposed to the agency itself. And might well happen in other agencies from time to time.

    EDIT: Thinking about it some more, the BC rules are made by the developer right? So they must have had trouble with City Sales.


 

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