FAQs

General FAQs

Property Seller FAQs

Auctioneera offers property vendors the choice to sell their property by private treaty or by auction as per their preference.

Private Treaty - Vendor FAQs

In private treaty sales, the vendor of a property puts it on the market, usually via an estate agency, and invites offers. Offers on private treaty properties are not legally binding. The FAQs in this section relate to vendors who choose to sell their property by private treaty.

Auction - Vendor FAQs

Bids on properties being sold by auction are legally binding; this contrasts with private treaty sales where offers are not legally binding. If a bid of the reserve price or greater is made on a property being sold by auction, the vendor is legally obliged to sell the property. Auctions offer a quicker way of selling property. The FAQs in this section are for vendors who choose to sell their property by auction.

Property Buyer FAQs

Auctioneera sells property by auction and by private treaty. On each property listing, it will say whether it is being sold by auction or private treaty. It is crucial that you know how the property is being sold. If you bid on an auction property, that bid is binding. This contrasts with an offer on a property being sold by private treaty which is not legally binding.

Private Treaty - Buyer FAQs

The FAQs in this section relate to properties being sold by private treaty.

Auction - Buyer FAQs

The FAQs in this section relate to properties being sold by auction.

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