Methodology of selling your home

There are two methods of sale that are most commonly used for the sale of residential property. They are Private Treaty and Auction. Each method has advantages:

Private Treaty

• Selling by private treaty means that you decide on a pre-determined asking price
• Purchasers are clear about the property being within their price range
• Negotiations can commence immediately after a buyer's inspection
• The price may be adjusted at any stage through out the marketing based on qualified buyer feed back and local market conditions
• The marketing process is simple and effective
• Allows flexibility for your individual needs

Auction

• You sell to a definite plan, following a strategy designed to ensure the best possible result
• Auction creates intense competition, emotional decision making and a fear of loss e.g.: where buyers are concerned about missing out on the property
• An intensive marketing campaign leading up to the auction will make all potential buyers aware of your genuine intention of achieving a sale
• You are protected by a confidential reserve price
• An unconditional exchange of contracts take place, usually with a 10% deposit at the fall of the hammer to secure your sale
• The auction sale contract will be on your terms, not the buyer's