This is the most common method. In a private sale treaty, you will:
Advertise your home and invite offers from prospective buyers
Negotiate the sale with a buyer, usually with the assistance of an agent
Sign a written contract with the buyer to complete the sale
An auction is a public sale that happens at a specific date, time and place. Prospective buyers bid for your home. The highest bidder enters into a contract to buy your home at their offered price. They must sign a contract immediately. There are serious penalties if they cannot finalise the sale on time.
Sale by Tender
In a sale by tender, you invite potential buyers to submit an offer (‘tender’) for your home. You specify a closing date, after which you consider all the offers and either choose the best one or reject all of the offers.
Expressions of Interest (EOI)
Is a method of sale whereby a property is available for a specified time frame. Buyers are able to make an offer before, or at the closing date (unless sold prior to) sealed and in confidence.
The main purpose for selling a property via EOI is to allow sufficient time for a buyer to carry out all their investigations and make a timely and informed decision on a property prior to purchasing it. It also gives the Seller flexibilty to obtain true market indications along with allowing them the best opportunity to secure a sale that is most suitable to their specific requirements.