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What are your options when selling?

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There are various options available to you when it comes to selling your property.

It is vital that you weigh up your options in order to decide the best method.

Here is a quick guide:

  • Auction

Auctions generate competition for your property and you are protected by the reserve price. There is no ceiling price so you have the opportunity to achieve a price above your expectations.

  • Private Sale/Treaty

Private sales have no specified closing date and are usually negotiated between the buyer and seller with the assistance of an agent

  • Expression of Interest

A formal offer must be submitted for the property by a specified date. The rest of the process is similar to a private sale.

  • Tender

Buyers must submit a proposal in response to the owners advertised tender. A tender is a very formal and complex process and is usually only reserves for premium properties.

 

 

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Marlene F Liontis