Property/Auctions & Tenders/Guide to Tenders
What is an Informal Tender?
The tender procedure enables a property or land, to be promoted to its best advantage through the local press and the internet within an agreed timescale with emphasis on a guide price similar to Auctions as a means to stimulate initial interest.
The deadline provides a fixed amount of advertising time for prospective purchasers to be able to arrange to inspect the property or land at their convenience, secure finance (if required), and commission any additional enquiries; i.e. survey, if required prior to the deadline. Offers can be made prior to the cut off date.
All best & final offers are to be submitted in writing on a tender form provided by the agent, by the set date, and any additional information must also be provided (i.e. if the offer is: subject to the sale of another property, mortgage/finance, survey, etc).
The vendor will consider all tender offers received by considering all factors, including price & ability to proceed; the seller will then decide whether to accept any of the tenders received or revert to a private treaty sale.
You may opt for informal or formal tender procedures and the Valuer will be pleased to answer any queries you have on inspection, in helping you make the right decision.
Why sell or buy with Wright Marshall?
> A brand reputation which plays an important part in trust and engaging sales activity
> A tried and tested solution to selling (Est.1861)
> Extensive internet marketing, delivering exceptional results
> Help and guidance at every step
It is worth remembering that not all property types are suitable for Sale by Informal Tender, so great care is taken by our Valuers to ensure entries are likely to be successful. Commonly, they include properties whereby: The owner has died and the property is left empty
> They are in need of some or alot of renovation work
> They are very unusual and difficult to value
> They are likely to generate a great deal of interest
> They are landmark properties, farms and land in all categories with or without planning permission
> They are repossessions, bankruptcy or sold to clear the seller’s debts
> They are residential, agricultural or commercial
To request a Valuer to contact you to discuss selling your property / land via Tender, we would be delighted to provide you with a free of charge, no obligation appraisal and encourage you to call your local office or complete the Valuation Form today!