Choosing a Sale Method
How to sell your property
There are two main methods to sell a property – auction or private treaty. Your CENTURY 21 agent will recommend the type of sale they believe will achieve the best result for you, based on the nature of the market and the location and type of property you are selling, and taking into account your preferred method of sale.
Going to auction – the process
If you decide to sell your property at auction you will set a date for sale and arrange an intensive marketing and open for inspection schedule with your CENTURY 21 agent. This is
generally three to four weeks of marketing and then the auction, although you are able to accept an offer before the auction if you wish. The point of an auction is to generate
competition between prospective buyers and create an opportunity for them to outbid each other and buy the property of their dreams. Which may bring an unexpectedly high price for
your property. The contract offered generally has no 'cooling off' period and you as a vendor (seller) decide the terms of the contract. If your property does not sell at auction
there is potential for a sale by private treaty in the following weeks, due to the interest already generated for the property by the marketing campaign.
Private treaty
When your property is for sale by private treaty you decide on a price for the property at the commencement of the marketing period. Your property is placed with the agent for an agreed period of time, during which your property is marketed with the aim of attracting offers which can then be negotiated into a sale. Your CENTURY 21 agent will advise you on the best price to maximise sales potential and allow for negotiation.
Which sale is for you?
Because CENTURY 21 agents understand the marketplace, as well as your neighbourhood and current buyer behaviour, make sure you discuss your individual situation with your agent to ensure you achieve the best possible price for your property.