Methods of sale in Arrowtown

Choose a sales method that suits your property

How you sell shapes the way buyers make decisions and how you assess offers. Your Arrowtown salesperson can explain the options using current local evidence, your property and your preferred timeframe. Ask about the campaign, costs, conditions and how feedback will be reported before deciding.

Auction

An auction sets a date for buyers to bid under the auction terms. Buyers generally need to complete their due diligence and arrange finance before bidding, because a successful bid is normally unconditional. The seller sets a reserve price in consultation with the agent. A property may be sold before or after the auction if the seller agrees.

Deadline sale

A deadline sale invites buyers to submit offers by a stated date and time. Offers may contain different prices, conditions and settlement dates. Ask whether the seller may consider offers before the deadline, and how offers will be presented. A deadline does not require the seller to accept an offer.

Negotiation or advertised price

With negotiation, buyers make offers for the seller to consider, often with conditions and dates that can be negotiated. An advertised price gives buyers a published price guide or asking price; the terms of an offer still matter. Your salesperson can explain the approach and how it fits current competition.

Compare the whole offer

A higher price is not the only consideration. Finance, building and other conditions, the deposit, settlement date and the buyer’s ability to proceed can affect certainty and timing. Your lawyer should advise you on the agreement before you sign.

For independent information, see the Real Estate Authority’s selling guidance. Read our Arrowtown selling guide or request an appraisal to talk through a tailored strategy with our team.