Hi there
I recently rang an agent to see how much a house sold for - just doing some research.
He said he could not tell me for a few month because it was sold as a private treaty.
Has anyone come accross this and what does it mean or why would the seller/buyer do this?
Also the house was meant to go to auction, but it never did and I was not notified.
REA said they only have to notify if the auction is brought forward, and in this case it wasn't so they did not have to.
Why would the seller do this? Surely they would be better off going to the open market or auction to get the best price?
All sounds fair enough to me. Just found it interesting as never came accross it before.
tks
I recently rang an agent to see how much a house sold for - just doing some research.
He said he could not tell me for a few month because it was sold as a private treaty.
Has anyone come accross this and what does it mean or why would the seller/buyer do this?
Also the house was meant to go to auction, but it never did and I was not notified.
REA said they only have to notify if the auction is brought forward, and in this case it wasn't so they did not have to.
Why would the seller do this? Surely they would be better off going to the open market or auction to get the best price?
All sounds fair enough to me. Just found it interesting as never came accross it before.
tks
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