• Informal tender help demonstrate you have achieved the best open market rate
  • An open day generates a sense of competition amongst buyers
  • Our unique joint agency approach with BigBlackHen.com targets developers as well as the general public

We have recently agreed a sale on a property in Kent, having achieved over 20 viewings, with 3 offers, resulting in a sale agreed over the asking price.

We sold the property via informal tender, where potential buyers must submit a sealed bid by a deadline, with the best offer gaining the sale. This is often the best way of selling a property that is in need of modernisation and is particularly suitable for probate properties as it means that the executors can demonstrate that they have achieved the best open market value – thereby satisfying their fiduciary duty.

Prior to the deadline for the submission of bids, we organised an open day around the property which helps to create a sense of competition amongst potential buyers.

And we operate our unique Joint Sole Agency offering with both TheProbatePropertyShop.com and BigBlackHen.com working together to target both developers/investors and the general public. This provides vendors with two streams of potential buyers, with a greater sense of competition that helps achieve the best price for the beneficiaries.

To find out more about our approach and for your next probate valuation, why not ask us to help and prove to you what our unique offering can achieve for your clients? Contact us on 020 3758 7650 or e-mail enquiries@theprobatepropertyshop.com.