Auctions are a public process where a property is sold to the highest bidder at a level pre-determined by you, the seller.

• Auctions are the most transparent sales process, putting all qualified purchasers together in one room, increasing competition to aid determination of fair market value
• A sale under the auction hammer is cash unconditional, providing sellers with certainty to plan their next move
• The deadline timeframe of the auction process creates urgency and a window for buyers to complete due diligence

Usually set over a specific four-or-five week timeframe, the tender process leverages the timeframe element to invite buyers to submit a formal offer. After this, you can negotiate the terms of the sale with your preferred purchaser.

Expressions of interest invite all offers from interested parties, allowing flexibility and the option to choose who you want to negotiate with.

Properties offered for sale by negotiation leave value to be determined by the market. This is where the advice and experience of your qualified Bayleys salesperson can assist in determining where you see value for the property and are comfortable accepting an offer. Sales by negotiation are generally open-ended, with the absence of time pressure on both buyers and sellers.