Methods of Sale

In order to benefit from the current market strength and capture the maximum sale price for your property, we must take time to select the most effective method of sale whilst taking into consideration your expectationsThere are five methods of sale that could be employed for your property.

PRIVATE TREATY Selling by Private Treaty usually involves setting a sale price and slightly inflating it to arrive at the advertised price. This allows scope for negotiation to take place. Interested buyers usually make their inquiries and then begin negotiations. There is no set time limit for the sale program to operate. 

AUCTION Auction is one of the most competitive and effective forms of sale method in the current given market. It involves a promotion period of approximately four - five weeks arriving to a set auction date. The period of promotion can be extended to suit your expectations, yet in some cases by allowing a longer period of time the effectiveness of the promotional campaign can be effected. The Auction method of sale allows interested buyers to create competitive bidding upon the auction date. Depending on the style, nature and demand on a particular property an auction can yield a much higher sale price in comparison to private treaty. Vendors are protected by setting a reserve price prior to the auction taking place, of which the property can not be sold under this price, unless authorised by you, the Vendor. The flexibility of an Auction can be enhanced by allowing offers to be taken prior to the Auction. 

OFFERS ABOVE Employing “Offers above” works from the opposite end of the scale to that of the Private Treaty method detailed earlier. A price is nominated as a starting point for the negtiations to begin. This particular method of sale does not cap the top sale price, whereas there is a restriction on the standard Private Treaty method 

PRICE RANGE This method of sale provides potential purchasers a guideline for negotiations to take place. An example of this may be….”Price Guide $1.1 million - $1.2 million.” 

EXPRESSIONS OF INTEREST OR BY NEGOTIATION Normally this method of sale is used with more expensive properties or properties which are out of the ordinary. In this approach a price is not advertised and any interested buyer is asked to make an offer based on pricing parameters provided by the salesperson. This allows the vendor the flexibility of not putting price on the property, and so let the buyers market and their desire for the property set the price.