Expression Of Interest (EOI) Process Explained

Expression of Interest/Tender 

A can be offered for sale by Expression of Interest or Tender for Prospective buyers to make offers by a specific time and date over a marketing campaign spanning several weeks. Serious buyers put forward their best and final offer in writing, which can include terms and conditions such as settlement dates and finance conditions. If no acceptable offers are received by the EOI closing date, the property could go back onto the market for private sale. 

Buyers can make a conditional offer ie: subject to a building approval or financing. 

All bids are confidential and the seller has control over the process. 

Once an offer is accepted the winner will be required to sign a contract to purchase with their conditions (if any) and the vendors conditions (if any) 

Terms and Conditions will apply as if a normal private treaty contract is in place unless specified by the Agent.