Three methods to sell your property

Each property is unique and has its own potential market. Easy Sell provides clients with three selling methods. For each property, there is one method that is the most suitable to sell my own property or house myself. 

  • Easy Sell English Auction

Research and experience show that the traditional English Auction is not the best method to extract bids. Easy Sell has developed an improved version of the traditional English Auction.

Easy Sell English Auction is a two-phase English auction. At the scheduled date and time, the auction opens the bidding at a start price which is the lowest price bidders can bid. Bidders have a certain amount of time to submit their oral bids or online bids. Then the minimum bid is increased continuously until no one is willing to increase the bid any further, at which point the auction is closed and the final bidder buys the property at his bid price subject to the reserve price. The property is advertised for a number of weeks before the auction is due.

During the first phase of Easy Sell English Auction, bidders are given a time interval to submit their bids for each round of bidding. They are not able to see other bids until the end of the interval. The minimum bid continues to rise for each round. Bidders need to keep bidding until they drop out. The drop-out decision is irrevocable. The first phase continues until there are only three or fewer active bidders left. During the second phase, bidders are given more freedom to bid at any time before the hammer falls. Each bidder can see others' bids in real-time.

If the auction passes in, the highest bidder will receive the first right to negotiate with the seller directly. 

  • Expressions of interest (EOI)

Buyers are invited to submit their offers by a specified time and date.  Offers are not shared among buyers. The seller will review the offers, then the property will be sold to the best buyer, or buyers will be invited to submit their improved offers, or the seller will choose a specific buyer to negotiate with. 

Like the auction method, the property will be advertised for a number of weeks for buyers to view.

  • Private sale

In a private sale by owner, you property is advertised and buyers are invited to make offers. You and buyers agree on a sale price and conditions through negotiation. You can negotiate with one or multiple buyers at the same time. There is no deadline for buyers to make offers. Once an offer is received, the seller usually has 3 days to respond before the offer lapses. For a buyer who has made an offer, the 3-day cooling-off period applies unless it is specified. 

Easy Sell provides you with a system to manage offers and conduct negotiations with multiple buyers to maximise the sale price.