DIFFERENT WAYS TO
SELL YOUR PROPERTY
When selling your home, there are four main sales methods you can choose from. For you to achieve the highest sales price, it is important to talk to Queenstown Lakes Realty about which method they believe is right for you and your property.
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Certain areas and specific properties within an area will achieve better results when sold via private treaty vs auction and vice versa. So make sure you do your research and talk to Queenstown Lakes Realty about the best method of sale for your property.
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Each method has advantages and drawbacks, depending on market conditions, property type, buyer demand, and the seller’s strategy. We can help determine the best approach.
FIXED PRICE (ADVERTISED PRICE)
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The property is listed with a clear price, making it easier for buyers to know what is expected. This method works well in balanced markets but may limit competition if the price is set too high or too low. If an unconditional offer is received at the asking price then you are obliged to accept this offer and do not leave any room for negotiation therefore possibly leaving money on the table.
DEADLINE SALE (DEADLINE PRIVATE TREATY)
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A deadline sale sets a closing date for offers. All offers are invited by a set sale date and the offers can include conditions such a building reports, finance & LIM reports. Sellers can negotiate with buyers before the deadline if advertised as (prior offers considered). This method provides flexibility and encourages competition as conditional buyers can compete with unconditional buyers.
BY NEGOTIATION
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The property is listed without a set price, allowing buyers to submit offers for the seller’s consideration. You then counter-offer until a price is agreed. This approach suits unique properties or changing market conditions but may take longer to secure a sale. With no fixed auction or deadline date, the sale can get drawn out.
AUCTION
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The advantages of an auction are numerous. You set the terms, conditions and deadline. You agree on an undisclosed minimum reserve price, with no pressure to sell if the property fetches a lower than expected bid.
You’ll also attract only genuinely interested, cash-in-hand buyers with no subject-to-sale or subject-to-finance uncertainty. There is even the opportunity to accept offers prior to auction day.
Auction marketing motivates genuine buyers to act. It’s also the least disruptive and intrusive method because you only need to open your home at times that suit you best.
