Selling

SELLING BY PRIVATE TREATY

When you set the price at which your house will be sold to the public, you are selling by private treaty. The process of a sale by private treaty is often less dramatic than an auction. It offers the following benefits:

• Time to consider offers by potential purchasers
• The ability to extend the time for which your home is for sale indefinitely
• Potential purchasers must make offers for your property 'blind', without knowing what other buyers think it is worth
• Savings on the expenses of an auction

Selling privately is often just as tense as a public auction, and you will be faced with important decisions when you are presented with offers which are lower than your asking price.

Your agent will be able to provide you with important information about how your property will be listed, and about other important issues such as contracts, trust monies, and any cooling off and settlement periods.