Auction or Private Treaty?

Sale by auction
Auction is by far the most popular and effective way to ensure a maximum result. No other method of sale can evoke emotion and encourage competition the way an auction can.

An on-site auction on your property will further increase emotional bidding as potential buyers may be wrapped up in the beautiful ambience or designer features of your property. This method can come unstuck however, if there are unpleasant neighbours, aircraft noise or difficult parking in the neighbourhood.

Many agencies provide an in-room auction venue that affords potential purchasers a comfortable, air-conditioned environment that is not dependant on the weather. Bidders register in a private sign up room and are addressed by auctioneers.

The main advantages of auction are as follows:

- Competitive bidding
- Eliminates the pricing issue – buyers not beating you down in price
- Places a time frame on the selling process forcing decisions
- Protected by a reserve price
- Vendor can sell prior to auction

Private Treaty
Many properties are not suitable for auction or the circumstance may not be beneficial. Time may be an issue, your property may be in a remote location or you may just not feel like the pressure or expense of an auction. Your real estate agent should advise and accommodate the best method of sale for you.
A private sale allows you to set the price at which your house will be sold to the public. It also affords the vendor time to consider offers by potential purchasers and the ability to extend the time for which your home is for sale. Potential purchasers must make offers for your property 'blind', without knowing what other buyers think it is worth.

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