PRIVATE TREATY AUCTION

Auction allows us to create urgency and leverage in all market conditions. It can prevent a lengthy and costly marketing campaign and results show that you are likely to sell your home in half the time of other methods of sale. It also creates a cash, unconditional contract with no cooling off period for the buyer. Auction campaigns can be run with or without an advertised price and are generally run over 2-3 weeks with the Auction in the third week. Terms of Auction are generally 30 day settlement with a 10% deposit (due on the day of the auction). Prior to the day of Auction a reserve price is set in consultation with the Vendor, Agent and Auctioneer, once this price is achieved on Auction day the property will be considered Sold at the fall of the Auctioneers gavel.

Best Offer

Best Offer By campaigns, similarly to auction are advertised with an end date, thus creating some urgency with potential buyers. ‘Best Offer’ campaigns are generally run over 21 days and can prevent a lengthy marketing campaign. Buyers present offers either prior to, or on the date nominated by the agent. Buyers may make offers subject to various terms and conditions with the most advantageous offer to be selected by the vendor for acceptance. If the vendor accepts an offer/ contract with conditions the property will then be placed “under contract”, however, it will not be considered “sold” until all conditions are met.