What is the difference between private treaty and auction?
A private treaty sale is when a vendor sets an asking price and the agent negotiates with potential buyers to achieve the best possible outcome.
An auction is a structured sales event where buyers compete by bidding at a set time and place. This can be onsite, in a dedicated auction room, or online where the agency enables it. The highest bidder purchases the property if the reserve price set by the vendor is met.
In many markets, auction campaigns can create stronger urgency because buyers work toward a clear end date, rather than negotiating with no fixed finish line.
Disclaimer
All information contained within the Frequently Asked Questions is general information, advice, recommendations and answers.
The information does not take into account the particular needs and circumstances of individuals and companies, or legislation governing auctions of various countries and states.
Before listing or selling your property at auction you may wish to seek independent professional advice.
Every effort is made to provide information that is accurate. However, the information contained within the Frequently Asked Questions are subject to change at any time.
RE Software Pty Ltd gives no assurance or warranty that information is current and takes no responsibility for any information provided.
Posted 28th February, 2025