What is a Timed Sale? Timed Sales are relatively new, and are already proving themselves to be a very effective selling tool. With a transparent offer process, we are seeing excellent results both with prices and days on market.
A Timed Sale encourages your buyers
A TIMED SALE is transparent way for buyers to make offers on your property, and to also see competing offers. Under the more traditional Private Treaty sale, when your potential buyers make an offer, if someone else places a higher offer, as agents, we CAN tell them that their offer needs to increase, but we CAN’T tell them by how much. This can result in buyers declining a further counteroffer under the belief that their budget has been exceeded, where it is often just a matter of $500.
A property listed as a Timed Sale is handled differently...
Making an offer under a TIMED SALE is done using a secure online platform called ‘Realtair’. When buyers place their offer, when a higher offer is received, they are notified immediately. This gives them the opportunity to resubmit another offer, and they can continue to do so at any time prior to the end time. When the timed sale finishes, we present all offers to you as a seller, and you can choose from these offers, the price and sale conditions that you prefer. And as the agent managing the TIMED SALE, we supervise the entire process - all buyers' registrations are carefully vetted, we guide your buyers and you through the process, and if there is a moment of uncertainty, I can pause the proceeding at any time to address it.
A Timed Sale is not quite an auction
With a selling process similar to an auction, a Timed Sale drives competition between offers, and gives the urgency of a strict sale timeframe. This is quickly becoming a popular and effective way to get the best results for your property sale, without the prohibitive auction sale conditions.
If you'd like to find out more about a Timed Sale, please feel free to call for a chat: 0433 182 849
