Method Of Sale

Public Auction

The auction method is recommended for properties:

  • Which are in a high demand market
  • Which are likely to encourage competitive bidding between multiple buyers
  • Where it is preferable to let the market determine the price rather than predetermining it prior to sale
  • Where creating deadlines for purchasers will limit procrastination
  • Where an unconditional sale is desired
  • Where sticking to a marketing budget and a specific time frame is important

Private treaty

The private treaty method is recommended for properties:

  • Where the asking price is very clear and can be set as a guide
  • Which are not unique and are quite easily comparable to other properties
  • Where time is not essential in the sale equation

Expressions of interest/Price upon Application/Tender

This is a useful sales method for a property which is:

  • Special and unique and not directly comparable to many other recent local sales
  • Likely to attract specific buyers
  • Unlikely to attract the broad number of purchasers required for an auction sale, yet similar to an auction campaign there is still competitive pressure to act within a certain timeframe