Tenders

We also offer our clients the opportunity to buy or sell via Public Tender. This is an intense and accelerated real estate marketing process that involves the public sale of property through competitive bidding. The Public Tender approach combines the Private Treaty and Public Auction approaches which sees the sale going to the highest bidder subject to confirmation within a certain time period. We normally apply a 52 day mandate period for the protection of our customers and ourselves, also known as “The 52 day Solution”.

All bids are in writing and bidders will only make bids that will be competitive in the marketplace and this eliminates unrealistic Purchasers .All bids are kept private and by well planned advertising the process creates a “buzz” in the marketplace which in turn leads to word-of-mouth advertising. The agent involved are fully focused on the process and the seller chooses a specific date and time, for all prospective buyers to view the property and has the assurance that if the reserve price is not reached, the seller can withdraw the property.In the USA and in Australia a very high percentage of properties are sold using similar marketing methods as it creates a hype in the marketplace and all parties involved are in full control of the simple process. You miss 100% of the opportunities you don’t take.