Method of Sale - which is best for you and your property?
There are generally three alternatives
Sale by Private Treaty - FOR SALE
Private sale is often suited to properties where there is already an established market value such as in a block of flats where there have been several recent sales to give a guide to value. Land subdivisions are rare in the inner suburbs but private sale is often the preferred method where fixed prices are easily established and time to sell is not a major factor.
Sale by Auction - AUCTION
Sale by public auction is generally the preferred method of marketing real estate in Melbourne. Whenever there is a doubt as to the ultimate price, vendors choose auction because of the results achieved and the transparent manner in which auctions are conducted.
At Noel Jones we have a highly credentialled team of auctioneers with vast experience in all categories of auctions. Regualr training ensures all our auctioneers are fully up to date with the latest legislation and techniques. Our CEO, Adrian Jones, is a member of the REIV Auction Committee.
Sale by Tender - TENDER
Sale by tender is not well suited to general residential real estate sales but is utilised mainly for non-residential or highly specialised properties. It does allow potential buyers access to complex information before tendering and often attracts bids on widely differing terms and conditions.
The main considerations to bear in mind when choosing a method of sale are:
- The type of property to be sold
- The area and environment in which the property is located
- The state of the market for your type of property
- The professional skills and resources of the Agent
- Your own marketing preferences and personal circumstances
A Director of Noel Jones will be pleased to appraise your property (without any cost or obligation) and can advise which method may best suit your property and your personal circumstances.