The first step in selling your property is to obtain an appraisal. An appraisal can be obtained without any formalities with an Agent. The appraisal gives you an indication on potential sale price and gives you an oportunity to build a relationship with an agent.
If you are thiking of selling or just interested in the potential sale price of your property, contact us to arrange a convenient time to discuss your property with one of our industry experts. All Vendor Real Estate appraisals are complimentary.
Methods of Sale
Auctions can be a great way to sell when a property has high interest, bidders compete against one another for a property either in auction rooms or onsite. Auctions also give a snapshot of buyer interest on that given day and time, and are refered to as a way of receiving the purest market price.
Auction fees can be costly if no sale is acheived. It is important for the agent to identify if their is strong interest in a property and whether to proceed with an auction which lacks interest.
Private Treaty / Expressions of Interest
This method of sale can be implemented when a properties price is difficult to evaluate or when strong buyer interest is pressent. Buyers submit their offers by a set date and time, and negotiations take place their after.
A private sale involves listing a specified price for a property. Buyers will usually offer under the asking price in a buyers market or asking price in a sellers market. This form of sale offers small margin for negotiation with buyers.