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How does a sale by Private Treaty work?
Posted: Wed Jun 02, 2010 9:06 pm
by lindsay
I've seen a piece of land that I might want to buy. It is up for sale by private treaty. Can somebody explain how this works please? Is it a kind of auction? Would I need to offer more than the guide price in order to be in with a chance of winning? Will I get the opportunity to increase my written offer if somebody offers more than I do? Any advice would be appreciated.
Lindsay
Re: How does a sale by Private Treaty work?
Posted: Wed Jun 02, 2010 9:49 pm
by MKG
Sale by private treaty is the absolutely normal way of doing such things - so normal, in fact, that most people don't bother to say it. So no, it isn't an auction - you just put in an offer in the usual way.
Mike
Re: How does a sale by Private Treaty work?
Posted: Thu Jun 03, 2010 6:02 am
by lindsay
Oh right. That's good news. Means I have more chance of getting it. Thanks Mike.
Re: How does a sale by Private Treaty work?
Posted: Thu Jun 03, 2010 6:40 am
by Millymollymandy
I didn't know that either. Sounds a bit posh doesn't it?
Re: How does a sale by Private Treaty work?
Posted: Thu Jun 03, 2010 9:13 am
by Green Aura
The things you learn on here, eh?