Selling by Tender

Find the true market value

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 Offers cannot be withdrawn while you are utilising this time.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

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