Private or auction? How to pick
[blue]Read the full article at - http://theage.domain.com.au/real-estate-news/private-or-auction-how-to-pick-20120907-25hvv.html [/blue] You want to sell, but which method is right for you? Our guide can help. If you're selling a property that is unlikely to generate sufficient competition at auction, private sales are a far better option. The managing director of Wakelin Property Advisory, Monique Sasson Wakelin, says a private sale can be an especially smart move when the property cycle is in a slump or a flat period. The following are the most common ways to sell privately. Expressions of interest This is often used to sell commercial properties and top-end residential real estate. The head of buyer's advocate company Secret Agent, Paul Osborne, says some vendors see an advantage in expressions-of-interest campaigns because the sales method does not reveal the intent of the seller as much as other methods. ''They are often run very similarly to a tender,'' he says. ''Usually, a date and time [to complete...