How to choose the right method of sale

One of the questions we get asked more than any other at Ian Reid Vendor Advocates is how to choose the right method of sale. The simple answer to this question is that there is no “one size fits all” approach that works for every property seller. Choosing the right method of sale really depends on your own personal priorities, your planned timeline, and what type of sale you are comfortable with.

There are many options in how you sell

In the past, most real estate agents only offered two different ways to sell your property…a private sale or an auction. Each method has its pluses and minuses, depending on the market at the time, the area you live in, the type of property you own and your reason for sale.

The good news is that when you use Ian Reid Vendor Advocates there is a unique and highly successful “third option” which addresses the concerns that many vendors have when choosing the right method of sale.

Choosing the method that suits you

Depending on the area and the situation, we may recommend either a private sale or an auction as being the best method for your specific circumstances. However, in other situations we may recommend a methodology that combines the best features of both methods, a marketing strategy called “Sale by Fixed Date”.

How does Sale by Fixed Date work?

This method utilizes a concentrated marketing period like the auction, and a stated deadline that ensures buyers have to act within your preferred time frame. Importantly, not only are buyers encouraged to make offers before the deadline, but this method also allows greater scope for all parties to negotiate one-on-one rather than feeling pressured in a public forum like an auction.

Extra options for property sellers

The Sale by Fixed Date was developed by our team as a more user friendly and less stressful way of selling. The important thing to remember is that by choosing Ian Reid Vendor Advocates to help you sell, your Advocate will be able to discuss all your options with you and help you choose the right method of sale that best suits you and your needs.

If you are considering making a move in 2019 and would like some experienced advice on choosing the right way to sell it, why not give our friendly Customer Service team a call today on 1300 400 400.

You’ll also find plenty of useful tips in our booklet “Fatal Real Estate Traps Exposed”, which you can download for free while you’re here.