![]() This allows them to make an informed decision. The benefit for sellers is that they can sit down and review all the offers side-by-side at the same time. A tender offer is “live” for 3 days after the deadline, but a buyer can withdraw a deadline offer at any time.a tender cannot be sold before the tender date (generally speaking), whereas a deadline sale can.This gives both parties more ability to negotiate conditions.īut there are more rules with a tender sale (compared with a deadline sale). You can make an offer subject to getting the money from the bank, or subject to a building inspection. No pulling out now.īut tenders and deadline give buyers (and sellers) more flexibility. Once the hammer comes down you are legally committed to buying the property. You need to already have your finance in place, and you must have done all your property inspections. When you buy a property at auction the sale is unconditional. Unlike auctions, buyers can make a conditional offer through a tender or deadline sale. In fact, one real estate agent we spoke to said: “A deadline sale is like a deregulated tender”. Out of all the property sale options, a tender and a deadline sale are most similar. Deadline sales vs tender – which is better? ![]()
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