Due to the shortage of available properties on the market at the moment, I believe Deadline Sales are an effective way to buy or sell a property.
The Deadline date is the date that all offers will be presented, with no offers prior.
This allows BUYERS time to do their due diligence, all the while knowing the property will not be sold in the meantime. Offers CAN have conditions, however often times buyers will utilise the time before the close of deadline to carry out their Due Dilligence, in order to minimise their conditions to submit a more favourable offer.
It allows SELLERS to make decisions based on the offers they receive and comfort to know that enough buyers have seen the property during the marketing campaign. They will also know that what they are presented with is “market price”.
This is a fair yet effective way to achieve a great result for both parties.
For more information on how to avoid underselling your property call Zay on 0800FOR ZAY