Sale by Tender

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At Harcourts Rata & Co we are heavily invested in helping our clients along their real estate journey, whether that’s buying or selling a property, leasing an investment, finding a rental, starting your new venture in a development or buying a large apartment complex. At Harcourts Rata and Co we have you covered.

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The best way to describe the sale by tender process is as a sort of silent auction. A property will be put up for sale with a deadline for bids. Anyone interested has until that date to submit their best offer, without having seen anyone else’s bidding activity. The vendor will then assess all of the offers and make a decision. This type of process is often used when selling large scale residential or commercial development parcels where direct marketing to large development companies is required.

The Rata & Co Difference

388 offices across the Harcourts network, Australia wide

Over 100 staff members working within the Rata & Co Group

Rata & Co’s average days on market is 22

Rata & Co sold more than $500,000,000 worth of real estate last year

Our database and digital technology keeps us in contact with over 2,500,000 clients

We manage more than 4500 rental properties

Rata & Co staff can communicate in over 42 different languages.

Our global reach extends to the all four continents of the world.

We generate more than 3.1 million unique visits through digital tech

Authenticity is Everything

Also widely known as a Public Tender or Expressions of Interest campaign, prospective parties have a date by which they must submit their interest in the property prior to the seller needing to declare their expectation of the sale price. This method of sale is effective in the event that there is a lack of comparable sales data available or challenging market conditions.

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Our Strategy

Whilst very similar to an auction, we generally do not recommend this method of sale. Unlike an auction, a public tender does not benefit from the open competition created between buyers and buyers might make their offers subject to conditions similar to a private sale which exposes the seller to the potential failure of these.

Where this method is appropriate, we would embark on an aggressive marketing campaign to create a sense of urgency prior to the tender’s closing date.

Preston Market, Preston

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About Preston

Preston is a vibrant, spirited suburb just north of the city, with plenty of schools and public transport as well as a thriving community arts scene. Whether you’re looking for a period home or a mo...

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