What Are Traditional Sale Programs for Selling Your House?

April 26, 2022

Every home is different from another considering three major elements. First of all, it is about the location. Then comes the budget you would like to sell the house. Thirdly and most importantly, the current market.

Conventional Ways to Sell a House

There are three main traditional ways of selling a house. Each has a set of pros and cons. That’s the reason why it is important to discuss each conventional way briefly.

Traditional Method #1: Private Treaty

There is no certain date or time to close a tender or a public display of the best bid for buying a house. A private treaty is the most balanced approach to selling a house. The agent and owner of the house will decide the price of the house. Then, it is the agent who will negotiate and find the potential buyer.

Method to Sell a House #2: Expression of Interest (EOI)

There is a little twist to the auction when it comes to EOI. In this process of selling your house, the owner releases a tender. Then, it is upon the owner of the house to choose the best deal. The difference between auction and EOI is based on the fact that the best deal is not disclosed, there is a date and time when it closes, and has no negotiation involved.

Conventional Way #3: Auction

In this method, some people are interested in buying a house. The main idea is to get face-to-face competitors. Everyone is allowed to bid and the highest bidder wins the auction. An auction is an event in a private or public setting usually organized by the realtor.

A private treaty is always the easiest way to sell a house. Other ways have more loopholes and are not much functional at the present time.



Leave a Reply

Your email address will not be published.

Related Posts

September 28, 2022
LeAnn Rimes House: The Hidden Hills Palace

Who is LeAnn Rimes? Leann Rimes is a famous American singer born in Jackson, Mississippi, on August 28, 1982. Furthermore, she is also recognized as a songwriter, actress and author. Her full name is Margaret LeAnn Cibrian. She started her career at the age of thirteen in country music. What a Wonderful World (2004), You […]

Read More
September 28, 2022
A Comprehensive Guide to Buying Real Estate in Raleigh

Image Source: Pexels Raleigh is a wonderful place to live, work, and raise a family. The capital city of North Carolina offers a wide variety of housing options, from cozy apartments in the heart of downtown to sprawling suburban homes. If you're thinking about buying a home in Raleigh, this guide will provide you with […]

Read More
September 28, 2022
Landman Group, Inc. – San Antonio’s No. 1 Landscaping Company

LANDMAN GROUP INC. is a local San Antonio business that specializes on custom landscaping and construction and outdoor entertainment areas. Their team is highly skilled in all aspects of outdoor living. They are also experienced in commercial and residential designs. So, if you looking for a San Antonio, Texas landscaping company, Landman Group, Inc. is […]

Read More


Welcome to Urban Splatter, the blog about eccentric luxury real estate and celebrity houses for the inquisitive fans interested in lifestyle and design. Also find the latest architecture, construction, home improvement and travel posts.


linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram