analytics

Selling Methods

When it comes to selling your property, there are three popular methods to choose from:

  • Private Treaty (Sale)

  • Auction

  • Tender

Each has its own advantages and it is advisable to speak to us about the benefits of each method.

 

Private treaty

  • You decide the initial asking price

  • Inspections with buyers are conducted by appointment or at an occasional open home

  • Your home will compete against dozens of others on the basis of your asking price

  • The chances of a great sale price diminish with time (over first 6 to 8 weeks of marketing)

  • You are in control and can refuse any offer

  • Sale generally includes a cooling-off period for the buyer and is subject to finance as well as a satisfactory pest and building inspection by the buyer

Auction

  • 4-week Marketing Campaign prior to auction ensures we find every available purchaser for your property

  • Most inspections occur at open homes

  • Buyers know there is a deadline to make up their mind

  • Buyers are required to pay a 10% deposit and sign an unconditional contract at auction. All quality inspections of the property must therefore take place prior to auction.  No cooling-off period for buyers.

  • Buyers must have finance arranged prior to auction

Tender

For sale by tender method is useful when there will likely be a large number of buyers interested in your property.

  • Tender is essentially a private 'auction' for your home.

  • The home is normally advertised for around 4 weeks.

  • An asking price is not disclosed for the home however a price guide is often given to interested buyers.

  • Potential buyers submit a bid for your home. Unlike a public auction, all tender bids are 'sealed' and the parties cannot see each other’s bid.

  • The seller is able to choose the offer that best suits their circumstances or negotiate with a buyer using their bid as a starting point.