SALES PRIVATE TREATY This is when you, the homeowner, set the price tag you want to put on the property for sale. Your LJ Hooker real estate agent will then negotiate with each and every interested party, trying to find a willing buyer who will meet your nominated price, or as close to it as possible. • The main benefit of selling your property with a fixed price or range is it makes it easy for buyers. • Potential buyers do not need to ‘guess’ what your desired sale price is. • The price can be adjusted at any stage throughout the marketing process based on qualified buyer feedback and the local market conditions. • A cooling off period of 2 business days normally applies where offers can be withdrawn during the cooling off period. • The seller generally has more time to consider offers by potential purchasers and the ability to extend the time the property is listed on the market (although this often leads to potential purchasers wondering why the property is not selling). 8