Selling guide
Sale by tender: a NZ homeowner’s guide
Tender is one of the most popular property sales methods in NZ.
.png)
AI summary
A sale by tender is a confidential process where buyers submit their best offers by a deadline. This method creates competition, which can drive up the price, and gives you five working days to review all offers without being obligated to accept any.
Benefits include flexibility for negotiation and attracting a wider pool of buyers, as conditional offers are allowed. However, it requires a strong marketing campaign and carries the risk that offers may not meet your price expectations.
What does it mean to sell a property by tender?
You'll receive tender offers in sealed envelopes.
What’s the difference between a tender sale and a deadline sale
Tender sales can lead to higher sales prices.
Advantages of sale by tender
1. Opportunity for a higher selling price
2. Time to think
3. Buyer flexibility
4. Ideal for unique properties
5. Privacy
Disadvantages of selling your home by tender
1. Risk of lower offers
2. Seller uncertainty
3. Risk of buyers working together
4. Marketing costs
5. Buyer reluctance
Author
Discover More
Interest rate predictions from NZ economists: 2026 & 2027
We don’t have a crystal ball, but we’ve got the next best thing - the opinions of bank economists
WATCH: How The Curve's Sophie Hallwright Bought 2 Properties in 12 Months
The Curve co-founder Sophie Hallwright reveals the exact strategy she used to buy two houses in just 12 months.
Search
Other articles you might like
