Nobel Realtors

Tender Expressions of Interest This method of sale by negotiation is a pricing strategy - the property is offered for sale with no price . Therefore protecting the vendor from exposing to the public exactly how much interest there is in a property . This is different from an auction scenario where everybody can see whether people are bidding or not , with EOI it ' s a form of a blind auction , This method of sale is popular in the high end prestige property range where inspections are by appointment only . With a silent auction or ‘ tender ’ process , bids are confidential so buyers don ’ t make offers based on what others have already bid . There ’ s no obligation to accept any of the tendered offers , nor do you have to accept the highest bid if other terms and conditions make a lower bid more appealing . This is a popular method of sale for commercial property , unit blocks / motels , vacant redevelopment sites , residential properties with complicated land zonings , encumbrances or easements .