Sale methods for Mangawhai property

Choosing a sale method affects when and how buyers make offers and what you can compare. The right method depends on your property, likely buyers, timing and circumstances. Before you sign an agency agreement, ask the agent to explain the process, costs, important dates and what happens if the property does not sell.

Advertised price or price by negotiation

An advertised price gives buyers a clear reference point. With negotiation, buyers may make offers at different times and you can consider the price and terms. Ask how the agent will use comparable sales and current competition when recommending a price, and when the campaign will be reviewed. An advertised figure is not a promise of the eventual sale price.

Deadline sale

Buyers are asked to submit offers by a stated date. This can give the campaign a clear decision point while allowing you to compare offers. Ask whether early offers may be considered, how that will be communicated and whether the deadline can change. Check the agency agreement and marketing wording before launch.

Tender

Buyers submit written offers by a set time, commonly without seeing other offers. You can compare price, conditions, deposit and settlement timing. A tender does not require you to accept an offer; the process and any permitted changes are governed by its documents. Have your lawyer explain the terms before you decide.

Auction

Buyers bid publicly at a set time. Before the auction, discuss the reserve, auction costs, buyer preparation, what happens if the reserve is not reached and whether a post-auction negotiation may follow. A successful bid is generally binding under the auction contract, so buyers should complete their checks and obtain legal advice before bidding.

Compare more than the headline price

Ask what buyer conditions may apply, when you can consider offers, what costs are payable, how the campaign will be reviewed and how the method fits your preferred timing. A home, section and lifestyle property may attract different buyers, but the property and market evidence should support the recommendation. No sale method guarantees a price or sale.

Settled’s guide explains common methods and questions sellers can consider: understanding the methods of sale. Your own lawyer should explain your agreement and the terms for your sale. To discuss a method alongside the property evidence, request an appraisal or call the Mangawhai team.