What is a deadline sale?

What is a deadline sale?

The Deadline Sale method is fundamentally the same as those of Auction and Tender except it allows maximum flexibility for you to accept what you like and when you like.

The property is offered for sale with no price with a deadline upon which offers need to be submitted (eg three to four weeks) on the basis that the vendors reserve the right to accept an offer at anytime before then.

This method will:

  • Attract a high level of interest through the marketing programme.
  • Create urgency as a result of a fixed time frame for offers to be made by.
  • Provide the opportunity for a motivated buyer, prior to the deadline, to get in quickly and present you with a favourable offer prior to close of deadline.
  • Invite interest on your terms without eliminating purchaser’s variations.
  • Ensure that interested parties will have little idea as to the level and extent of other interest.
  • Not cap the price, therefore the risk of forfeiting a premium is averted.
  • Allow you to be able to make decisions in your own time without pressure.