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1 minute read
Auction
Best Offer (Expression of Interest)
This method is an effective selling strategie designed to optimise the first 3 weeks on the market (New Release Phase)
There is a deadline for best and final offers (Closing Date) which eliminates buyer procrastination
We are open to offers immediately, so the property can be sold at any time before Closing Date
Buyers can elect the terms/quality of their Offer:
A Grade (Auction Sale terms) • An unconditional (‘cash’) offer • Prepared to waive their Cooling-off rights
B Grade • Subject to finance approval and satisfactory building inspection • They also have a Cooling-off period (2 clear business days to cancel the Contract)
C Grade • Subject to the Sale of their property with a Cooling-off period
All offers are treated confidentially so each buyer’s offer is not disclosed to any other buyer
You can also convert to Auction or Set Date Sale after the first week if there is good interest from multiple buyers.