Selling Methods Explained

Auction

Sale by Auction can provide vendors with three opportunities to sell�prior to auction, at auction or negotiate after auction.

An intensive advertising program is arranged over a four week period combining open house or private viewing, with an Auction held at the end of the process either at the property or off site.  A reserve price, which is the minimum sale price you want achieved, can be set.  Buyers must register on the day to be eligible to bid and once the bidding reaches the reserve price, a sale can be made and a deposit must be paid on the day.  Auction provides the ideal selling method in a competitive market or if the property offers unique features.

Sale by Private Treaty

Buyers can negotiate or register their interest at anytime.
Properties sold via Private Treaty are marketed to the public with a fixed price with no final end date.

For more information on the sale process refer to the NSW Office of Fair Trading site at www.fairtrading.nsw.gov.au

Price Positioning

Whatever the sale option, correct price positioning is crucial.  Many agents may overprice your property to secure your listing only to discount the price when the campaign begins.  Callagher Estate Agents offers you an honest price expectation based on current market conditions and supported by comparable sales in the area.