What is the main advantage of the private treaty method over auction for a vendor?
Correct Answer
C) More control over timing, price negotiation and choice of buyer.
Private treaty offers vendors more control over the sales process, including the ability to negotiate price and terms, choose settlement dates, and select buyers based on their financial position and conditions.
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- → In NSW, if a property receives three bids above the advertised price range during an expressions of interest campaign, what must the agent do regarding the advertised price?
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- → A married couple intend to bid together at a NSW residential auction to buy the house jointly. What registration is required?
- → Tom plans to bid at a NSW house auction on behalf of his sister, who will instruct him by phone from Perth. Neither holds power of attorney. What must Tom do to bid for her?
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- → A buyer arrives to register at a NSW residential auction with only her overseas passport, which does not show her address. What will allow her to register?
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