Thinking of Selling? Methods of Sale to Suit your Home
- Written by
- Rachael Webber
One of the questions I get asked most often by my vendors is ‘which method of sale would best suit the sale of my home?’ Of course, every property is unique, as is every marketplace – so arming yourself with knowledge of what the various options are is an essential component in achieving a maximum sales result for your home.
Advertised Price
The most straight-forward way to sell a property, potential buyers will know what price you are looking for and negotiate from there.
Deadline Sale and By Negotiation
These two options are similar, and are often used when it is difficult to estimate the market value of a property, as no price is advertised. A deadline sale has a date in which offers need to be in by, and the vendor reserves the right to accept an offer and sell prior.
Tender
A process rather like a silent auction, buyers don’t know who they are in competition with, so submit their best offer which is kept confidential. These are presented to the vendor on a set day at a set time all together, and the best option usually secures the property.
Auction
Owners can be hesitant to use the auction process, but it is the purchasers who experience the most stress! Owners are in control and choose the reserve price. The property will only be sold if an unconditional bid is equal to – or above – the reserve price.
If you are considering selling your property, please contact me to discuss how best to market your home to achieve a top result.
Rachael Webber
Call 021 241 0061, or visit www.tauporealestateagent.co.nz