Selling by Tender

A tender is a form of selling property through advertising media designed to capture the maximum attention of customers within a set time frame. This property sales process is a private and confidential means of buying/selling real estate to determine the true market value of the property at that time.

The benefits of selling by tender are:

• Selling property by tender produces a result that is both private and confidential.
• A tender promotion creates a finite timeframe for interested buyers, causing them to act with more urgency.
• Home owners are not put under unnecessary pressure.
• Your property gains prominence through high profile marketing over a set period of time.
• You, as the seller, have a five day irrevocable period in which to decide which offer to accept. Offers cannot be withdrawn while you are utilising this time.
• A tender allows you, the seller, to be more flexible with your terms and conditions of sale. For example, you choose the possession date. 
  
• A tender creates potential for a premium price through buyer competition. 
  
• No price marketing means you are never limited by setting an asking price that is too high or too low.
  
• Extensive use of open homes during a planned timetable allows easy access for buyers.
  
• As opposed to an auction, you are advantaged by having the option of dealing with conditional buyers as well as unconditional buyers.
  
• Weekly market feedback to assist you in establishing the selling range of your property.
  
• A tender can be negotiated after it closes, giving you the opportunity to work through any issues and terms you deem unsuitable