informal tender

Selling at auction by informal tender

This alternative route comes with all the auction benefits including SPEED. The property for sale will be advertised on the national auction portal, EIG as well as Rightmove and all of our social media portals.

The difference in this selling method is that it allows buyers to be invited to submit best and final offers, in a sealed envelope along with any supporting information regarding their financial situation and buying position.

Viewing and open days will be held and all offers, completed on our prescribed bid document, will be submitted by a given and specified closing date and time.

All offers will remain strictly confidential and unopened until the closing date and time. Once opened, ALL completed offers will be submitted to the client for their pursual. If necessary, the bids will be opened in the client’s presence.

This procedure follows the period of us marketing your property at a figure we have agreed with you, inviting OFFERS IN EXCESS OF the quoted price for a specified period to allow time for it to be thoroughly advertised and viewed by prior arrangement.

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