Selling by treaty or tender

Your agent will recommend a type of sale for your home. They will base this on:

• what type of home it is (such as house, apartment or townhouse)
• where it’s located
• how the property market is behaving
• how quickly you need the property sold.

Private sale treaty

This is the most common method. In a private sale treaty, you will:

• advertise your home and invite offers from prospective buyers
• negotiate the sale with a buyer, usually with the assistance of an agent
• sign a written contract with the buyer to complete the sale.

Sale by tender

In a sale by tender, you invite potential buyers to submit an offer (‘tender’) for your home.

You specify a closing date, after which you consider all the offers and either choose the best one or reject all of the offers.

This is an increasingly common way of selling.