Ways 2 Sell: DIFFERENT WAYS TO SELL YOUR PROPERTY...
The table below lists the various methods of selling your property, and the advantages and disadvantages of each method.
Strategy
|
Advantages
|
Disadvantages
|
Auction Listing
|
High profile
Regular Feedback from consultant Sales consultant has responsibility Unconditional agreement Known settlement date Maximum price on the day No negatives on price - on your terms Time pressure demands buyer action Can sell before, at or after auction day |
Conditional buyers assume they can't bid
|
Exclusive Listing
|
All buyers eligible
Conditional and unconditional buyers can look Regular feedback from consultant Sales consultant has responsibility |
Buyer feels comfortable
Buyer can attack your price No time pressure on buyer You compete with all other homes in price bracket |
For Sale by Negotiation Listing
|
Buyer can't attack your price - maximum price not revealed
You don't have to accept any offer - can negotiate More people look All buyers eligible Sales consultant has responsibility |
No time pressure on buyer
Unknown conditions Unknown settlement date |
Tender Listing
|
Higher profile
Time pressure on buyers Conditional or unconditional buyers can look Negotiations can take place Sales consultant has responsibility |
Unknown conditions
Unknown settlement date |
General Listing
|
No one sales consultant responsible for marketing your home
Lack of consultant commitment - more focus on exclusives, auctions etc. Many signs on your property Little or no feedback Lack of proper pricing advice Lack of marketing funding (ad budget spent on Exclusives) No Real Estate Magazine advertising |
Private Sale
|
No fees
|
Private buyers expect a reduced price to compensate for no fees
Often under or overpriced - lack of expert advice on market Buyers viewing property often don't give honest feedback to seller Difficult for seller to follow-up on interested buyers without looking desperate Less security - is it a buyer or burglar? |