Seller's Guide To Tenders

Is selling at Tender right for you?

What is a Real Estate Tender?

Tender is a method of selling a property through the process of private and confidential offers meeting a set timeline. It is a 'no price' strategy usually with a 3-4 week intensive marketing campaign.

The Benefits of Selling by Tender
  • The tender sets a deadline and creates a sense of urgency for buyer's
  • A tender creates the conditions for buyer competition, which can lead to a premium
  • Details are private and confidential
  • You have a 5 day irrevocable period in which to decide which offer to accept. This can be important if there are more than one party involved in the decision process
  • Allows the vendor to be more flexible with the terms and conditions of the sale
  • Your property cannot be sold prior to the closing date, allowing buyers the knowledge that all parties are on the same terms
  • No price marketing allows a wider range of buyers to consider your property
  • Regular feedback will be given to market response to assist in establishing the correct selling range.
The Tender Process
  • Offers are submitted on the standard Tender Documentation which will be provided to all interested parties by your Duncan Realty salesperson
  • Tenders will be deposited at our offices (unless otherwise stated) in an allocated locked tender box, by the tender deadline
  • Tenders will remain secure and unopened until the set deadline
  • All tenders will be opened at the same time with the appropriate Duncan Realty representative/s
  • Usually a client will make a decision on the tender day. If you accept a tender you are legally bound by the terms and conditions of the tender document
  • Unsuccessful tenders/cheques will be returned to the client.