Setting Sale: How Do I Sell?

Setting Sale: How Do I Sell?

By Dominic Hefferan on May 28 2018


Selling seems like a pretty straightforward process, right? You find someone who wants to buy, then they pay a price you both agree on. Unfortunately, there's actually a bit more to it than just putting a For Sale sign in your front yard, so today we're looking at the three main ways you can sell your home.

Private Treaty
 
This is what most people think of when selling; you put your home on the market for a set price, and then look for someone who'll buy for this amount. This type of sale gives you a good idea of what you can expect for your property, especially if you consult with your agent beforehand, and is best suited for smaller homes with a specific appeal.
 
 
Auction
 
This one's pretty self-explanatory; you set a date and invite anyone and everyone around to place their bids for your property. Auctions are great if you want to sell quickly, and they also have the potential to drive up demand, and ultimately the final sale price, of your home. Because of the attention-grabbing nature of auctions, they're best suited to properties where there's already a lot of interest from the market.
 
 
Tender
 
A tender is somewhat like a silent auction; you put your property on the market with no set price, and instead invite the public to privately submit bids before a set date. Because every bid (which is called a "tender") is private, potential buyers have to put their best bid in at the very start, so you know exactly what they're willing to pay. This is best for large commercial listings, although it is becoming more popular for residential properties too.
 
 
Every home is different, so if you're thinking of selling, you should always talk with an expert to see what's best for you. At LJ Hooker Sunnybank Hills, we always want you to make the right choice, so talk to any of our agents for a free, confidential consultation today.

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