Wednesday, March 2, 2011

Sale By Tender - Great Result

On 15 Feb I posted about the reasons for offering a property for sale by tender. Well, it worked. After negotiations, a deposit has been paid and accepted. Although the process lacks the excitement of the Fall of the Hammer, the Sale by Tender process works well if any serious buyers have reasons why they can't bid at auction, like needing to offer a delayed settlement. Another great result by Douglas Macarthur.

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