Auction is by far the most popular method of sale in the Bayside area and in Melbourne itself. Auction provides a set time frame, is unconditional and offers a transparent public display of the sale. Throughout an Auction campaign, buyers can make an offer to buy prior to auction which will be referred to the owner for consideration.
Private Sale is a form of sale whereby there is no set completion date and no public display of sale. Under the Private Sale method buyers have a 3 day cooling off period and have the ability to make the contract conditional, such as: subject to finance, subject to a successful pest or building inspection.
Expressions of Interest
Mostly used for the sale of exclusive homes and land allotments, an Expressions of Interest campaign has a set date for the sale without the need for an onsite auction. Buyers are asked to produce their very best offer on the set date, sometimes along with their anticipated use for the site.