A private treaty sale is a process of selling an asset, such as shares in a company or a property, by way of a privately negotiated deal between a seller and buyer, without recourse to an auction process. In a private treaty sale, the seller sets the price they want for their property, generally after research into the market and discussions with their agent to determine the most realistic outcome. They then start negotiating with potential buyers via their agent. The seller has more control over the price and the home the property ends up in, and the buyer gets to see the property in its typical environment and doesn’t have to deal with bidding.

Some key features of a private treaty sale include:

• The seller sets the price they want for their property, generally after research into the market and discussions with their agent to determine the most realistic outcome.
• Prospective buyers can make an offer on the property, and the seller may then accept one of these offers, or enter into negotiations with a buyer or buyers for a sale price they find appealing.
• The process of selling an asset by way of a privately negotiated deal between a seller and buyer, without recourse to an auction process.
• The seller has more control over the price and the home the property ends up in, and the buyer gets to see the property in its typical environment and doesn’t have to deal with bidding.

Private treaty sales are very common and are advertised with a specific price or a price range, with prospective buyers then free to make offers. A private treaty sale can be a real test of negotiation skills, and research is a priority for both the purchaser and the seller.