Private Treaty
A private treaty sale is where the Vendor sets the asking price and the property is then offered to the market at that price. Negotiations then take place. Sometimes price ranges may be utilised.
Auction
Auction is a public sale where buyers bid against each other to purchase a property. If the highest bid is acceptable to the Vendor (reserve) an unconditional sale occurs on the fall of the hammer. It is driven by competition at the Auction.
Tender
The property is offered to the market without a price. Potential buyers are encouraged to place a written tender by closing date. As this offer is secret they are encouraged to make their best offer first. The Vendor chooses which tender, if any, is accepted.
Rentals
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