Residential
Explore
When selling real estate, it's important to think about what method of sale will work best for you.
The amount you're seeking and the type of property you are trying to offload will all factor into the decision - your agent will advise on the best method, but the final decision is the vendor's.
An auction is more common, and known for obtaining a better price than through a private treaty.
Your agent will advise on a suitable choice - if you are looking to sell a $15-million mansion, you aren't likely to sell via auction as there won't be many serious bidders.
A private treaty is a scenario where you only offer inspection by appointment and your agent enters into private negotiations with the buyer.
But if you do choose an auction, your agent will try and market your property like there is no tomorrow. The aim is to create as much awareness as possible and try and get as many people through the doors as you can.
The benefit of the auction pathway is that you promote your property and should an attractive offer present itself, you are able to accept it just like in a private treaty.
As a result, you get the best of both worlds.
