Introducing the “DEADLINE SALE” A Sydney Property Game Changer

Hey Sydney! 🌆
Ever thought there was another way to sell property, perhaps something in between a private treaty sale and an auction.
Well, there is, and it's called the Deadline Sale. A massive hit in New Zealand, Which we're bringing it to our shores for a fresh approach to real estate.

What is a Deadline Sale?

With a deadline sale basically we are setting a "deadline" to submit offers on a property.
As opposed to an Auction where buyers bid against each other publicly, With a deadline sale buyers have a set time frame to make their best offer based off their own market analysis in privacy & without the risk of competitors being aware of the offer you have made and being able to bid higher on the spot - Exciting, right?

Pros and Cons for Sellers:

Pros:

• Market Exposure: The property is marketed for a fixed period usually a few weeks, increasing its visibility and helping to prevent premature selling.

• Flexibility: Sellers can accept an offer before the deadline if the buyer is willing to present an offer with unconditional terms.

• Competition: With multiple buyers interested, there’s potential for a higher sale price.

Cons:

• Uncertainty: There's no guarantee the property will sell at the deadline, For example if no offers are received.

• Wait Time: Sellers have to wait until the deadline to review all offers unless they are made with unconditional terms.

• Possibility of Low Offers: There's a risk that all offers might be below expectation.

Pros and Cons for Buyers:

Pros:

• No pressure: Unlike auctions, there's no immediate pressure to bid or increase your offer; take your time to research and make an offer that works for you.

• Flexibility: You can offer what you believe the property is worth - And dont have to worry about what everyone else is doing.

Cons:

• Competition: Others are also eyeing the same property; you might have to make a competitive offer.

• Uncertainty: Without knowing other offers, you might wonder if yours is good enough.

We have been putting this long forgotten selling method to the test for our vendors here in Marsden Park and the results have been great !
Our recent client Toni from 60 Westway was thrilled with the outcome of their recent deadline sale, Check out her review below.