Auction
The benefits of sale by this process are:
- The best possible price can be obtained through open buyer competition
- The time frame and sense of urgency gives the buyer a focus and an incentive to perform
- Price will not be an objection and therefore we can establish a buyer’s need to own your property
Tender or Deadline Treaty
The benefits of sale by this process are:
- A Tender allows the vendor to deal with the preferred party
- It sets a specific timeframe (usually over a 4-5 week period) which allows purchasers time to carry out their due diligence and then make a formal offer
- It provides the flexibility for the vendor to countersign the preferred offer
- It also encourages tenderers to complete due diligence and have finance in place, reducing the time delay between acceptance and settlement
- The tender process requires purchasers to submit on the vendor's pre-determined terms and conditions
Expression of Interest
The benefits of sale by this process are:
- This method of sale requires parties to register their interest in the property within a certain period of time
- There is no price set so price is not an objection
- Vendor may choose who they negotiate with
- Invites conditional and unconditional offers
- Most commonly used where there are multiple possibilities for the sale or lease of the property
Private Treaty
The benefits of sale by this process are:
- An asking price is placed on the property
- Purchasers can make conditional offers on the property at any time during the marketing campaign
- Encourages both conditional and unconditional offers
- Benefit to purchasers as they are aware of the vendors expectations
- No time pressure on vendors or purchasers