Why sale by Tender?
Sale by Tender is a highly effective method for selling property, widely used in countries like Australia, New Zealand, and the USA.
What are the benefits of Tender sale?
The potential benefits of Tender sale include:
i. Sell within a stipulated timeline
Selling by tender involves setting a firm deadline for offers. This helps focus marketing efforts and shortens the selling process, saving both time and money.
ii. Higher-than-expected offers
Since all offers are confidential, buyers are unaware of what others are bidding. This often leads to offers that exceed expectations.
iii. Competitive-based offers
The presence of multiple interested buyers can encourage others to increase their offers, creating a competitive bidding environment.
iv. Access to more buyers
E-Tender offers a more convenient process for buyers who may not attend physical auctions, expanding the pool of potential buyers. The reach of Tenderprop’s platform further strengthens this, bringing in more interested parties.
v. True market value
For unique properties where market value is difficult to determine, the tender process can help identify the true value, allowing the seller to adjust expectations accordingly.
vi. Seller control
Sellers are not obligated to accept the highest bid and can use the offers to negotiate better terms. Additionally, the seller can extend the deadline if fewer offers are received than expected.
Why use the 2-in-1 method (Private sale + Tender sale)?
The 2-in-1 method allows sellers to take advantage of both private sale and tender processes simultaneously, increasing the chances of a quicker sale. If a private sale offer is accepted, the property can be sold before the tender deadline.
Why use the Tenderprop platform?
Tenderprop is an innovative prop-tech platform that presents a one-stop solution for property services. Our unique E-Tender service streamlines the property sale process with advanced technology, offering excellent results. Furthermore, we deliver value-added services for both buyers and sellers.
In short, Tenderprop serves as both a property marketplace and an E-bidding platform, providing an effective and competitive marketing channel.
Do I have to engage a Real Estate Agent or Negotiator?
Yes, all Tender sales on our platform require the services of a professional REA/REN, who will handle the property sale process.
Which Real Estate Agency should I go to?
We are partnered with The One Property Group, a reputable property consultancy offering comprehensive real estate services, including valuation, real estate agency and property management.
Do I have to pay extra costs for conducting a Tender sale on this platform?
No, there are no additional costs for conducting a Tender sale on our platform. It’s completely free of charge.
