For Sale - Private Treaty The private treaty sale method is a process that involves the buyers deciding to inspect the property based on an advertised price. Marketing is directed to a specific target market identified for the property, whilst being mindful of not defining this too narrowly. The agent will gather all offers and negotiate with the potential buyer and seller. Auction A sale method where qualified buyers are placed in a competitive environment resulting in the property being sold to the highest bidder. The seller has three opportunities to capitalise on the strength of the market - selling prior to auction, selling at auction, or selling after the auction. Aside from the advantage of not placing a ceiling price on the property, sellers also have the added benefit of an unconditional sale, which is when the buyer waives their cooling off period and there are no finance or building and pest conditions to be satisfied.
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