Another Exclusive listing option.
Auction and Tender are examples of no-price marketing. Your home is marketed on the basis that interested buyers inspect your home and then decide what it is actually worth to them. Auctions are a great option for a unique property where it will be sought after by a number of buyers.
The main benefits of Auction is that pressure is on the buyers to bid their best on the day with an unconditional contract, no cooling-off period and a set settlement date. If you crave the same excitement whipped up by auctions on recent television real estate shows – then this experience could be just your cup of tea!
A tender can be described as a ‘private auction.’ A close-of-offer date is set, usually 30 days from start of advertising. With an ‘open tender’ you may look at offers as they are presented. You may opt for a ‘private tender’ when, at close of tender, all offers are presented with no-one having previous knowledge of offers.
For either option, you select who buys your property and under conditions that are satisfactory to you.