COFFS COAST SELLER’S GUIDE 4 METHODS OF SALE LET’S DISCUSS OPTIONS PRIVATE TREATY An asking price is set, and negotiations begin once an offer is received. On acceptance of an offer, contracts are exchanged and a 5 or 10 business day cooling off period applies. AUCTION/OPENN NEGOTIATION A transparent sales method which helps Buyers and Sellers find the true market price for a property, through a public auction or online bidding platform. EXPRESSIONS OF INTEREST A sale process whereby prospective buyers are invited to submit their highest & best offer in writing to purchase a particular property, on or before a nominated closing date & time. Offers that have been submitted will then be presented to the vendor for consideration. The vendor will then select which offer to accept or negotiate with.
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