What’s the best method to sell your home?
When selling your home you have a choice between selling by private treaty or at auction. Each method has its merits, but there are some important issues such as the type of property and the current market conditions which should be considered before a final decision is made as to the method of sale to be employed.
However, the most important thing is for you to feel totally comfortable with the method of sale to be employed to sell your property.
Private sale
With a private sale, the owner and the agent agree on a fixed price. Discussions are conducted with interested parties on behalf of the owner by the agent and when a buyer who is willing to purchase at the agreed price is found, a deposit is paid and the terms of settlement are set. With a private sale a property can sell at any time from the day it is placed on the market.
Auction An Auction is a public sale carried out at an advertised time and place where people interested in purchasing the property bid against each other. Unlike private sales, Auctions have a high degree of emotion as interested parties compete with each other to obtain the property they have set their hearts on owning. The emotive nature of Auctions can often lead to bidders exceeding their pre-determined price limit to secure the property. A property that is advertised for Auction can sometimes be sold before the Auction date if agreed upon by the vendor and your agent, if an acceptable offer has been put forward by a motivated buyer.
We will carefully explain the various options available to you for the sale of your home and through mutual agreement will recommend the method of sale that will return the best result for you.