Looking To Sell Your Property?

Methods To Selling Your Property


AUCTION

✔ Advantages

• Timeframe approach
• Transparency
• Ensures competition
• Market determines value
• Unconditional sale
• The vendor is always in control

✔ Disadvantages

• No conditional offers initially

 

TENDER

✔ Advantages

• Timeframe approach
• Allows confidentiality
• Ideal for challenging properties.  Interested parties have to do due diligence

✔ Disadvantages

• Non-transparent
• Very formal process that locks buyers in
• Buyers often don’t feel comfortable with the process
 

EXPRESSIONS OF INTEREST / SET DATE OF SALE

✔Advantages

• Timeframe approach
• Owners can accept conditional offers

✔ Disadvantages

• Offers are often conditional rather than unconditional
• Buyers often don’t understand this process
• No transparency

PRICE

✔Advantages

• Buyers know what the price is
• Can deal with conditional offers

✔ Disadvantages

• If priced incorrectly, you lose buyers or sell too cheaply
• No timeframe
• People may discard property on price and not consider the features and benefits

SALE BY NEGOTIATION

✔Advantages

• You can accept conditional offers 

✔ Disadvantages

• No timeframe/ no urgency
• Offers are often conditional
• Buyers often try to get a bargain