Public Auction

Properties with the following characteristics will be highly recommended for the auction method:

  • in a high demand market
  • likely to encourage competitive bidding between multiple buyers
  • preferable to let the market determine the price rather than predetermining it prior to sale
  • purchasers will easily limit their procrastination
  • an unconditional sale is desired
  • sticking to the market budget and generating a specific time frame

 

Private Sale

The private sale method, also called private treaty, is recommended for the properties:

  • asking price is very clear and can be set as a guide
  • are not unique and are quite easily comparable to other properties
  • time is not essential in the sale equation