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What does for sale by private treaty mean?

Are there special steps in private house sales? Does it change the process of buying a house?

Asked on Jun 15 2016, Selling in Ipswich | Report content

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  • Sale by private treaty is just a long way of saying the usual way of buying a house privately. You negotiate with the seller, usually via intermediaries such as an agent and solicitor. The alternative to private treaty is sale by auction.

    Answered on Jun 16 2016, Report content
  • Hi there, A sale by private treaty is when a property is sold without it going to auction. By generating viewing activity you attract offers close to the asking price. A contract of terms is set out, with the sale being complete when the terms are met. Many thanks, Dan

    Answered on Jun 16 2016, Report content

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