Licensed under the Real Estate Agents Act 2008

Ritesh Verma

Contact me

Ritesh Verma

Mobile: 027 577 7938

DDI: 06 281 3721

View all my Listings

Local Branch


51 Taupo Quay

P O Box 4132


Phone: 06 345 7714



A tender process is likely to:

  • Encourage conditional and unconditional buyers to consider buying your property
  • Provide opportunity to maximise the sale price, as your price is unknown
  • Create a sense of urgency among buyers as the tender closing date nears
  • Allow you to negotiate with a potential buyer after the tender has closed
  • Allow you privacy, as you do not have to disclose the price level of tenders
  • Allow you to retain complete control over offers
  • Reduce any time pressure, because tenders usually remain open for a number of days for you to consider offers


However it may also:

  • Allow bidders to remain in a closed non-competitive bidding situation
  • Allow for conditions to be attached to the purchase
  • Deter those buyers looking for an indication of price
  • Stop a buyer from purchasing your property prior to tender close date if they want to


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