Method of Sale
PRIVATE TREATY -
Markets the Property at a set price. The biggest
problem is establishing the price as a too high or too low. May have adverse effects to the property.
The Best way to gain the true Market Value of your Property - The Auction process sets a time frame for the market to react.
If you submit your property for Auction this means that prospective purchasers will bid against one another at a date and time suitable to you.
You can set a reserve price, which is the minimum you will accept, and once bidding has passed that level you know you have a sale, as it will be unconditional and a predetermined deposit must be paid on the day.
Used for properties where offers can be made by a fixed date giving the seller the chance to evaluate the best option.