REAL ESTATE SELLER CHECKLIST
Step-by-step real estate seller guide expert
Selling a real estate involves careful consideration and a range of real estate professionals to guide you through the process. By understanding each step, you’ll be well-equipped to make informed decisions and achieve a successful property purchase.
Real estate seller checklist
Our standardised, step-by-step seller checklist is designed to assist you, but it may not cover every individual scenario. For personalised guidance tailored to your unique situation, we highly recommend consulting our trusted real estate professional(s).
Selling methods in Australia
Private Treaty (Sale by private treaty)
This is the most common method where the property is listed at a fixed price or with a price range. Buyers make offers, and negotiations take place between the seller (or agent) and potential buyers until an acceptable price is reached.
Auction
Properties are put up for sale in a public event where potential buyers bid against each other. The property is sold to the highest bidder at or above the reserve price set by the seller. Accepting a pre-auction offer in Australia often leads to the withdrawal of the property from the scheduled auction. Once the seller accepts an offer before the auction date, the property is considered sold, and the auction is canceled.
Expressions of Interest (EOI)
Potential buyers submit confidential written offers by a specified date.The seller reviews the offers and selects the most attractive one without disclosing other buyers’ offers.
Tender
Similar to EOI, buyers submit sealed bids by a specified deadline. The seller then opens the bids and decides which offer to accept based on various factors.
For information, check our related blog article for Australia.
Selling methods in New Zealand
Auction
In New Zealand, properties are often listed for auction. If a buyer makes a pre-auction offer and it gets accepted, the auction is usually moved forward, allowing other potential buyers to bid. If no further bids surpass the accepted offer during the auction, the property is considered sold to the initial buyer who made the pre-auction offer.
Price by negotiation
Some properties in New Zealand are marketed as “price by negotiation,” encouraging buyers to make offers. Negotiations proceed between the seller (or agent) and potential buyers until an agreeable price is reached.
Tender
Buyers submit sealed bids by a specified deadline. The seller assesses the offers privately and selects the most attractive one without revealing other buyers’ bids.
For information, check our related blog article for New Zealand.
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