Private or unadvertised sale means that the home will not be presented via the Internet, newspaper, window display or other media. No "for sale" sign will be placed at the property. In short, the general public will not be informed about the sale.
Most homeowners who opt for a private sale, without promotion and publicity, are owners who want to keep the sale quiet for private reasons.
Not online but under the spotlight
Still, it is possible to attract potential buyers with private sales. The sales broker will use his network to bring the property to the attention of the public. Realtors with searches that match are notified about the home by email.
Unadvertised sales are generally slightly cheaper than a regular listing of a home for sale. With private sales, no costs are incurred for manifestations as described above.
Private sales are also sometimes used to test whether there is interest in the home. Eventually a buyer can be found for every home, but with a silent auction it is possible to assess whether there is interest in the home.
If necessary, it is always possible to change tactics. If the desired result is not achieved through a silent auction, it is a small step to offer the property more actively!
Want to sell your home through a private auction? Contact one of our sales representatives!
