The four main methods of sale each have their advantages and there are several reasons why a particular one might be the right method for you, your property or the Queenstown property market.

Auction

The best way to achieve a premium price in a short timeframe.

• A short, intense marketing campaign
• No stated price
• You set the terms, conditions and auction date
• Offers made through open public negotiation
• You can choose to accept a pre-auction offer
• Offers are definite - they must be cash unconditional
• Generates a sense of urgency

Tender or deadline

The best way to retain the ability to negotiate while achieving a premium price in a short timeframe.

• A short, intense marketing campaign
• No stated price
• You set the terms, conditions and deadline
• Offers are confidential
• Offers may be conditional
• Particularly suitable for sales whereby a number of parties must be consulted e.g. owned by a trust or deceased estate or whereby buyers have to carry out due diligence e.g. properties with strong development potential

Price by negotiation

The best way to retain the ability to negotiate and achieve a premium price at no fixed timeframe.

• An extended marketing campaign
• No stated price
• Offers are confidential
• Offers may be conditional

Fixed price

Buyers are encouraged to make offers as they know the price at which you're willing to sell.

• An extended marketing campaign
• A definite stated minimum price
• Offers are confidential
• Offers may be conditional
• Can result in multiple offer situations if priced accurately

The Queenstown real estate market - being red-hot with demand and short on supply - lends itself to methods of sale that increase competition amongst property buyers to ensure the seller achieves the best possible price. To increase competition, you need to set a specific deadline that prompts buyers into action and market the real estate without a price so as not to set any limitations. If your goal is to achieve the highest possible price in a short timeframe, auction may be the method for you. There are other methods that offer distinct advantages depending on your situation - drop us a message and we'd be happy to offer personalised advice.