Selling by Private Treaty

Selling By Private Treaty, through the Auction Process or by Tender or Expressions of Interest will all be explored fully with you so you have the knowledge, time and space to make an best choice as to how you will sell your property to achieve the best financial outcome.

Private Treaty

Private treaty is an old English term that refers to the process of setting a business negotiation between parties, and is commonly used in regards to both private and real property matters to this day.
In agency terms it simply refers to the offering a property for sale with an asking price. You the Vendor has control of the selling process as you are at liberty to accept or refuse any offer subsequently made on the property.

Auction

An auction sale invites the public to compete for the purchase of a property by making competitive and progressively higher bids in an event at a specified place and a specified time...usually the properties address.

An Auction essentially creates a sense of urgency as there is definitive time in which the buyer must act or they risk facing losing their opportunity to purchase the property they want. By setting and Auction date all interested parties are grouped together in competition with each other to achieve the highest possible price.

The logic behind an auction is that your property will sell at true market value at that particular point in time.

With the skills of a great auctioneer, or your Agent, the auction will be governed by the strict rules, protocols and regulations that govern the state you are selling in.

One of the pros of selling at Auction is the seller will know exactly when a sale and settlement will occur so they are able to plan forward if time is of the essence.
(Unless of course the property is passed in and therefore becomes listed for sale")

Potential buyers throughout the campaign are given a price guide based on the feedback that has been generated to date and interest that has been raised in the property.

The decision consequently of setting the reserve price will be an educated decision based on feedback we your agent will give you throughout the campaign and what the market climate is at the time of sale.
At the fall of the hammer your property will be sold with no colling off period for either the buyer or seller.
Should the property fail to sell at auction, the property may be marketed with an asking price.
It will however be highly likely that often the highest bidder from auction day will come forth and negotiate a sale with the agent on your behalf.

Private Auction

Private auctions are held behind closed doors and are not accessible to the general public only registered bidders.

Vendors who greatly value their privacy often favour this method.

Expressions of Interest

Sale by Expression of Interest is becoming a more popular method in these current times, where potential buyers are invited to submit an offer to purchase your property by a specified time and date.

Metro Asset Realty will fully explore the advantages and disadvantages of each method of sale and ensure that you have selected the right way to sell and market your property for your desired outcome.

We are also happy to share with you our marketing strategies for how we would market your property to achieve the best possible outcome for you and share our successes of sales to date.

The right strategies for advertising property in NSW is key to achieving a successful outcome. We will suggest to you proven ways to make your property stand out in a crowded market and ensure you get the maximum exposure to the market from day one.