The real estate agent will recommend a method of sale based on the type and location of the property, nature of the market and the seller’s time frame and personal preference. Recommendations should be supported by recent sales data.Before deciding on the method of sale, the seller should understand the pros and cons and understand each process and the costs involved. If you do not understand anything, ask for clarification or seek legal advice.
Regardless of the method of sale of your property, the agent will charge a fee for his services. You can negotiate the amounts of any commissions, fees or other expenses that you may be required to pay. Agreed amounts should be specified in the sales agency agreement and include any additional costs for sale by auction.
A sale by tender invites competitive tenders from potential buyers. All the offers are considered at a specified time.