Private Treaty, EOI, or Auction? Find the Right Method for Your Home Sale

Selling your home in today’s market involves a strategic approach to showcase your property at its best, no matter which sales method you choose. At Ouwens Casserly, we take care of every detail, from professionally staging and photographing your home to launching a tailored marketing campaign across multiple platforms to attract the right buyers. We also coordinate open inspections, ensuring buyers have the opportunity to view your property and experience its full potential.

With our expert guidance, you have three primary methods to choose from when selling your property. Here’s a breakdown of each option:

1. Private Treaty

Private Treaty remains the most common method of sale in South Australia. This approach involves listing your property on the market and accepting offers from potential buyers, which are then presented to you by your agent.

Why Choose Private Treaty?
This method offers the most flexibility, allowing you to negotiate with buyers and include conditions such as building inspections or finance approval. Once both parties sign the contract and the Form 1 is issued, the purchaser enters a two-business-day cooling-off period. During this time, they have the opportunity to finalise any inspections or withdraw without penalty.

You also have the advantage of adjusting your price during the campaign to align with market feedback and buyer interest. At OC, we keep you informed every step of the way, ensuring you feel confident and in control throughout the process.

2. Expression of Interest (EOI)

The Expression of Interest (EOI) method invites buyers to submit their best offers by a set date, typically following a three to four-week marketing campaign. This approach allows buyers to inspect the property, assess their finances, and submit their EOI with conditions like finance approval or settlement dates.

Why Choose EOI?
EOI allows you to receive multiple offers, providing a snapshot of buyer interest and the potential price range. You have the option to accept, reject, or negotiate these offers through your agent. In South Australia, buyers have a two-business-day cooling-off period to conduct building inspections or withdraw without penalty.

At OC, we work closely with you to set an appropriate price based on comparable sales and current market trends, ensuring your expectations align with market conditions. Our tailored marketing campaigns are designed to generate strong interest and achieve the best possible result.

3. Auction

Auction is a method that’s gaining momentum, especially in competitive markets with high buyer demand. Your OC agent will advise if auctioning your property is the best strategy based on its type and location.

Why Choose Auction?
An auction creates an atmosphere of excitement and competition, often driving up bids beyond expectations. Scheduled on a specific date, usually at the property itself, auctions are conducted by a licensed auctioneer under state regulations. If the bidding meets or exceeds your reserve price, the property is sold to the highest bidder on the spot—no cooling-off period applies, meaning the sale is final.

At OC, we manage every aspect of your auction campaign, from building buyer anticipation to ensuring everything runs smoothly on the day. We aim to maximise competition and achieve the best outcome for you. Ready to take the next step? Reach out to us today and let’s make your property journey a success.