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Selling Methods

When it comes to sale of residential property in Sydney's south-western suburbs there are three common methods of sale. 

Private treaty

  • You decide the initial asking price.
  • Inspections with buyers are conducted by appointment or at an occasional open home.
  • Your home will compete against dozens of others on the basis of your asking price.
  • The chances of a great sale price diminish with time (over first 6 to 8 weeks of marketing).
  • Price negotiated down.
  • Sale generally includes a cooling-off period for the buyer and is subject to finance as well as a satisfactory pest and building inspection by the buyer.

Auction

  • 4-week Marketing Plan prior to auction ensures we find every available purchaser for your property.
  • Most inspections occur at open homes.
  • Buyers know there is a deadline to make up their mind.
  • Buyers are required to pay a 10% deposit and sign an unconditional contract at auction. All quality inspections of the property must therefore take place prior to auction. No cooling-off period for buyers.
  • Buyers must have finance arranged prior to auction.
  • A crowd on the day often causes competitive bidding which usually increases the selling price.

Prudential Property Launch

  • You decide the initial asking price (often a price range).
  • Your property will be intensively marketed for 2 weeks prior to the first open home. All inspections are held back until this time.
  • At the first open home we will escort each group of buyers through your property and invite them to make an offer to buy your home in writing.
  • All offers considered on their merits after the first open home.
  • Negotiations commence with the buyer/s on same day as the first open home.
  • Sale generally includes a cooling-off period for the buyer and is subject to finance as well as a satisfactory pest and building inspection by the buyer.
  • If no sale occurs we then revert to marketing the property as a private treaty listing.

More information on private treaty vs. auction.

Your Prudential Real Estate consultant will help you decide the best method for your property and your family circumstances after taking into account current market conditions.

Prudential Real Estate provide a no-cost, no-obligation market appraisal service for local property owners who are considering the sale of their property. Simply call any one of our offices at any time to arrange a convenient time, day or night to suit you.