What is private treaty? Private treaty is defined as an agreement for the sale of property at a price negotiated directly between the purchaser and the auctioneer. In cases where an asset does not successfully sell via the auction method, the seller can mandate the auctioneer to utilise its existing customer base to continue to market and to sell the property.
How does it work? Private treaty listings are previously auctioned, unsold properties that are still on the market. No bids will be placed on the properties that are listed. The process of purchasing a private treaty property will be that of a conventional real estate transaction, where the purchaser makes an offer on the desired property.
Can I view the property? Viewings are by appointment only. You may request a viewing for a property with one of our agents via email here.