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