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Property Sale Process

There are three methods of sale to consider and weighing up which one is right for you can be determined by looking at the following factors:

  • Location of the property
  • Availability of similar properties in the local area
  • Buyer demand for a particular style of property
  • Market conditions
  • Your circumstances

Private Treaty Sale

A private treaty sale involves direct negotiations undertaken privately with prospective purchasers and is the most common method of sale used in our marketplace.

Auction

A public sale of property in which the highest bidder at or beyond your reserve price secures the property. To sell via auction is a cash unconditional contract with no cooling-off period.

Tender

Calls for buyers to place their best offers in writing for a property by a set date. Purchasers should obtain “Particulars and Conditions of Sale by Tender” from the agent. A price for the property is not advertised, allowing the market to decide the value.

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