Auction | Set your Terms • Here the seller is in control. You set the Reserve Price, Deposit amount and the Settlement date. • Absense of price reduces the risk of it being rejected on price. • Where you are comfortable with using market demand to help achieve the maximum price the market is prepared to pay. • The campaign is conducted aggressively with wide coverage over a period of three or four weeks prior to the Auction date with ‘open for inspection’ coupled with multi-level print coverage. • A predetermined ‘reserve price’ is established by consultation between Agent, Auctioneer and Seller prior to the Auction date, after benefit of buyers’ feedback throughout the campaign. • The bidders will bid on the proviso that their offer to purchase is unconditional and in cash. • At Auction, if the bids equal or exceed the agreed reserve price then the highest bidder becomes the successful purchaser and pays the prescribed deposit. • In the majority of cases, we sell one week before or two weeks after the Auction date. • Proven to have the shortest days on market, Auction is a fantastic way to market a property where demand exceeds supply. Private Treaty • Where there is clear evidence on recent comparable sales to set the asking price. • Potential buyers are able to make an offer at anytime during the marketing campaign and negotiate with the Seller via an Agent with the Offer and Acceptance Contract. • You have the right to Accept, Counter or Reject any offer presented to you. 2 3
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