Auction VS private treaty sale
When you’re busy preparing to sell your home, understanding the difference between selling via auction or by private treaty sale is an important part of the selling process. There are pros and...
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Private Treaty Sale
A private treaty sale is when a property is sold directly between the seller and the buyer, without going through an auction.
What is a private treaty sale?
A private treaty sale is when a property is sold directly between the seller and the buyer, without going through an auction. It involves negotiations between the two parties, usually facilitated by real estate agents.
Benefits of a private treaty sale
Some benefits of a private treaty sale include:
- No deadline pressure
- Not having to hire an auctioneer
- Cheaper marketing costs
- More flexibility in accepting, rejecting and countering offers from prospective buyers
How much does it cost to sell your house privately?
Selling your house privately saves money because you don't need to pay for an auctioneer. But you might still need to spend some money on marketing, which can vary depending on your home's needs.
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