Marketing Method - Tender

This is also a “no price” marketing method which encourages a prospective buyer to make a formal offer under terms and conditions suitable to them, but which can still be negotiated.  A tender is, in effect, a sale by auction without the presence of “open” or “vocal” bidding.  It also allows conditional buyers to make an offer on the property, usually at a premium, as they require time to sell their own home.