Auction, tender or negotiation: find out first
The bottom line
The sale method decides whether you can have conditions. Ask before you fall for the house.
An auction bid is unconditional. A tender or deadline sale is a sealed offer where you can include conditions but you are competing blind. A negotiation lets you offer with the conditions you want. Each one needs a different plan and a different amount of work before you commit.
The agent will tell you the method in the first conversation. Tell us straight away so the legal work starts in the right order.
Read this
The difference between auction, tender and private negotiation
Do this
Ask the agent: method and deadline
Check yourself
Can you bid at auction subject to finance?
No. Auction bids are unconditional.
In a tender, do you see the other offers?
No. Offers are sealed.
Which method gives you the most protection through conditions?
Negotiation.
Talk it through
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