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. We will discuss the process, costs and important dates with you, including the next step if the property does not sell. Your lawyer can explain the agency agreement before you sign.

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. We will explain the comparable sales and current competition behind the price advice and agree on when to review the campaign. 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. We will agree on whether early offers may be considered and explain that clearly in the marketing. Before launch, check the agency agreement and marketing wording, including the rules for considering early offers or changing the deadline.

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. We will work through the auction preparation with you: the reserve, costs, how buyers prepare and the plan if bidding does not reach the reserve. That plan may include negotiation after the auction. 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

We can compare the likely buyer conditions, offer timing and costs of each approach, alongside your preferred moving date. A home, section and lifestyle property may attract different buyers, so talk through the options with your agent and ask why they recommend a particular method.

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 the options for your property, request an appraisal or call the Mangawhai team.

Continue with our Selling in Mangawhai guide, preparing to sell and Selling Costs and Marketing planner. You can also request a property appraisal.