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Methods of Buying and Selling a Home

November 25, 2009June 29, 2017 Marc Pallisco auctions, buying property, expression of interest, methods of sale, private sale, private sale vs auctions, public auction, sale by set date, selling property

DECIDING what method of sale to adopt to sell your home has become more difficult.

Here’s a list of sale methods and how they work.

PRIVATE SALE:

Private sales are most popular in middle and outer-ring suburbs, where competition for stock is generally less manic than for inner-city properties. Relatively straightforward, prospective purchasers are aware of a vendor’s asking price and make an offer based on that. As well as price, prospective purchasers can negotiate deposit and settlement terms, which often sweetens a deal.