Methods of sale
Auction:
Auctions are a magnificent way of selling as they allow us to market the features, benefits and lifestyle of your property, rather than the price.
You, as the seller are really in charge when it comes to selling your property at Auction, people bidding are buying with terms and conditions determined by you the vendor.
Benefits of selling by Auction:
*No price marketing attracts a wide range of buyers
*The auction date creates a sense of urgency that prevents buyers delaying the process *You choose the settlement
*There is no ceiling price, so you have the opportunity to achieve a price above your expectations
* Auctions produce an unconditional contract; buyers cannot pull out of the contract after the hammer falls.
An early sale can occur when a buyer feels ‘pushed ‘to make an offer to buy the property before the auction day. Usually because they believe competition will be too fierce on Auction day.
Expression of Interest (EOI):
An expression of interest campaign allows buyers to submit their best offer on a property before the closing date. The vendor will then choose which offer to accept or even opt not to sell if they haven’t received the price they expected.
Expressions of interest provide you with the benefits of a private treaty sale but with urgency of an Auction, without the stress of the auction day.
Private Treaty:
Private treaty has been used for years to great success and still remains one of the most popular sales method in Queensland & Australia.
With this method, you and your agent will decide the price you want for the property. Then your real estate agent will individually negotiate with every potential buyer who has shown interest in your property.
A strong marketing campaign with multiple open homes, advertising and professional photography will complement a private sales treaty.
