Buying a home has traditionally meant one of two things: negotiating behind closed doors, or raising your hand at an auction.
Today, there’s an alternative combining the best of both worlds – The Timed Sale – and we’re seeing some incredible results through it.
For buyers, a Timed Sale creates a clear, transparent, fair and accessible process where everyone has an equal opportunity to secure the property they want.
So how does it work?
A Timed Sale is an online offer process with a clear deadline. Instead of negotiating with a sales agent or bidding at an auction, buyers submit offers through a secure digital platform.
Throughout the campaign, buyers can:
- Be notified when offers are made
- See how their offer compares with others
- Improve their offer before the deadline using the portal
Once the deadline arrives, all offers are presented to the seller, who selects the most favourable one based on price and conditions.
Benefits for buyers
- Transparency
- A clear deadline
- Convenience and accessibility (can bid on holidays, from anywhere)
- A better buying experience – less intimidating
Benefits for sellers
- A clear deadline creates urgency and competition
- Full transparency builds buyer confidence
- Wider buyer participation
- Faster, more efficient campaigns
A real example: Currans Hill
Recently sold by Prudential Real Estate Narellan through the Timed Sale Method, a property in Currans Hill attracted 8 registered bidders, 4 active bidders and 21 bids for an incredible sale result. In comparison, a property with similar features sold in the same suburb 4 weeks earlier for around $60,000 less, showing how Timed Sales drive interest and create a sense of competition.
Timed Sales are becoming increasingly popular as a powerful method for buyers and sellers combining the urgency of an auction with the flexibility of a private treaty. For more information, visit the FAQs below or contact our team today!
Prudential Real Estate Macquarie Fields | (02) 9605 5333 | macquariefields@prudential.com.au
Prudential Real Estate Narellan | (02) 4624 4400 | narellan@prudential.com.au
