An auction is a public sale by a licensed auctioneer where a property is sold to the highest bidder. The three main advantages of selling by auction are:

Competitive Bidding

The auction process creates a sense of urgency and encourages competitive bidding. The competition of an auction heightens buyers’ emotions and their desire to ‘win’.

Timeframe

You are working to a fixed timetable, with the auction organised for a set date. The set campaign period restricts the timeframe during which you need to facilitate open houses, and building and pest inspections. Prospective purchasers must do their due diligence prior to auction day and be comfortable with the contract terms to bid for an unconditional sale.

Auctioneer

A skilled auctioneer can make a significant difference to your sale price. They create excitement, confidence and strong competition.

Private treaty listings are offered for sale with a set asking price. The three main advantages of selling by private treaty are:

Flexibility

A private treaty sale allows you time to consider offers by potential buyers and flexibility for negotiation without the time sensitivity of an auction.

Timing

As private treaty sales do not run to a set timeline, your target market have time to absorb and act on the marketing campaign. This allows the time for us to find the right buyer at the right price.

Feedback

A private treaty sale allows you to test the market for pricing feedback.

EOI gathers offers for properties without disclosing the price for which the client is prepared to sell. They are a form of a blind auction where the buyers can’t see other interested parties involved. It can often be used when the purchaser might be known to the client already and is trying to get the highest possible price from the buyer.