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MARKETING AND METHOD OF SALE
The two main methods of marketing your home are offered for sale by private treaty or alternatively for sale by public auction.
Sale by Private Treaty means that you set a price at which your property is to be marketed to the public through the marketing plan agreed to by you and the agent. Properties can be offered at a set asking price i.e. $499,000 or alternatively offers over $499,000 or even a buyer's guide $475,000 - $499,000 ask your agent which is best suited to your home.
If you offer your home for Auction this means that prospective purchasers will bid against one another publicly at a date and time suitable to you. You can set a reserve price, which is the minimum you will accept, and once bidding has passed that level you know the property is what the term "on the market" meaning it will be sold on the day of auction once the reserve has been met and it will be unconditional and a predetermined deposit must be paid on the day.
With each method of sale there are different marketing options which are imperative to get right if you are to be successful in achieving the highest possible price. Ask your agent today what marketing is required to attract the best buyers for your home.
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